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$180,261$180,261$297,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$116,739$0
Funding fee$901$901$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.886%7.640%
1st payment$844.61$844.61$2,056.37
2nd payment$0.00$778.26$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,269.61$2,047.87$2,540.77
Cash to close$149,739$33,000$33,000