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$197,263$197,263$234,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$36,737$0
Funding fee$986$986$0
Note rate3.120%3.120%7.320%
Blended rate3.120%4.043%7.560%
1st payment$937.55$937.55$1,607.42
2nd payment$0.00$275.53$0.00
Taxes / mo$162.42$162.42$162.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,249.96$1,525.49$1,966.63
Cash to close$62,737$26,000$26,000