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$115,374$115,374$134,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$26,176$0
Funding fee$577$577$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.625%7.560%
1st payment$547.15$547.15$921.17
2nd payment$0.00$259.03$0.00
Taxes / mo$55.42$55.42$55.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.82
HOA / mo$539.00$539.00$539.00
Total monthly$1,291.56$1,550.60$1,692.41
Cash to close$33,626$7,450$14,900