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$198,618$198,618$264,600
Remaining term (yrs)24.324.330.0
Secondary amount$0$65,982$0
Funding fee$993$993$0
Note rate2.670%2.670%7.400%
Blended rate2.670%4.248%7.640%
1st payment$923.41$923.41$1,832.04
2nd payment$0.00$494.87$0.00
Taxes / mo$188.42$188.42$188.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.92
HOA / mo$155.00$155.00$155.00
Total monthly$1,416.82$1,911.69$2,378.37
Cash to close$95,382$29,400$29,400