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$115,165$115,165$259,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$144,035$0
Funding fee$576$576$0
Note rate2.390%2.390%7.400%
Blended rate2.390%5.507%7.640%
1st payment$521.84$521.84$1,794.65
2nd payment$0.00$960.23$0.00
Taxes / mo$240.00$240.00$240.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.84
HOA / mo$130.00$130.00$130.00
Total monthly$1,041.84$2,002.07$2,366.49
Cash to close$172,835$28,800$28,800