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$198,938$198,938$283,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$84,562$0
Funding fee$995$995$0
Note rate2.930%2.930%7.320%
Blended rate2.930%4.741%7.560%
1st payment$960.37$960.37$1,947.45
2nd payment$0.00$634.22$0.00
Taxes / mo$221.50$221.50$221.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$198.00$198.00$198.00
Total monthly$1,529.87$2,164.09$2,573.65
Cash to close$116,062$31,500$31,500