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$195,179$195,179$265,950
Remaining term (yrs)24.824.830.0
Secondary amount$0$70,771$0
Funding fee$976$976$0
Note rate3.020%3.020%7.320%
Blended rate3.020%4.611%7.560%
1st payment$929.67$929.67$1,826.89
2nd payment$0.00$530.78$0.00
Taxes / mo$155.00$155.00$155.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.19
HOA / mo$0.00$0.00$0.00
Total monthly$1,234.67$1,765.45$2,185.08
Cash to close$100,321$29,550$29,550