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$195,487$195,487$225,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$29,513$0
Funding fee$977$977$0
Note rate2.860%2.860%7.400%
Blended rate2.860%3.665%7.640%
1st payment$910.77$910.77$1,557.85
2nd payment$0.00$221.35$0.00
Taxes / mo$168.42$168.42$168.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,229.19$1,450.54$1,921.27
Cash to close$54,513$25,000$25,000