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$119,514$119,514$188,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$69,485$0
Funding fee$598$598$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.060%7.640%
1st payment$552.56$552.56$1,308.59
2nd payment$0.00$521.14$0.00
Taxes / mo$84.00$84.00$84.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$786.56$1,307.69$1,580.39
Cash to close$90,485$21,000$21,000