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$175,775$175,775$246,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$70,825$0
Funding fee$879$879$0
Note rate2.730%2.730%7.400%
Blended rate2.730%4.531%7.640%
1st payment$820.60$820.60$1,707.41
2nd payment$0.00$531.19$0.00
Taxes / mo$228.33$228.33$228.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,198.93$1,730.12$2,135.06
Cash to close$98,225$27,400$27,400