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$120,911$120,911$225,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$104,089$0
Funding fee$605$605$0
Note rate2.930%2.930%7.400%
Blended rate2.930%5.275%7.640%
1st payment$583.70$583.70$1,557.85
2nd payment$0.00$693.92$0.00
Taxes / mo$181.25$181.25$181.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$50.00$50.00$50.00
Total monthly$964.95$1,658.87$1,984.10
Cash to close$129,089$25,000$25,000