Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$195,823$195,823$407,610
Remaining term (yrs)24.524.530.0
Secondary amount$0$211,787$0
Funding fee$979$979$0
Note rate3.020%3.020%7.320%
Blended rate3.020%5.478%7.560%
1st payment$939.08$939.08$2,800.00
2nd payment$0.00$1,367.79$0.00
Taxes / mo$198.08$198.08$198.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.52
HOA / mo$50.00$50.00$50.00
Total monthly$1,353.83$2,721.62$3,296.27
Cash to close$257,077$45,290$45,290