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$109,116$109,116$166,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$57,384$0
Funding fee$546$546$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.891%7.640%
1st payment$508.19$508.19$1,152.81
2nd payment$0.00$430.38$0.00
Taxes / mo$154.17$154.17$154.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$812.35$1,242.74$1,490.28
Cash to close$75,884$18,500$18,500