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$196,848$196,848$270,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$73,152$0
Funding fee$984$984$0
Note rate3.210%3.210%7.400%
Blended rate3.210%4.779%7.640%
1st payment$983.40$983.40$1,869.43
2nd payment$0.00$548.64$0.00
Taxes / mo$206.92$206.92$206.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,340.32$1,888.96$2,280.34
Cash to close$103,152$30,000$30,000