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$174,880$174,880$225,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$50,120$0
Funding fee$874$874$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.235%7.640%
1st payment$817.52$817.52$1,557.85
2nd payment$0.00$375.90$0.00
Taxes / mo$111.17$111.17$111.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,078.69$1,454.59$1,864.02
Cash to close$75,120$25,000$25,000