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$157,212$157,212$233,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$76,698$0
Funding fee$786$786$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.887%7.640%
1st payment$753.10$753.10$1,619.55
2nd payment$0.00$575.23$0.00
Taxes / mo$42.83$42.83$42.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$152.00$152.00$152.00
Total monthly$1,097.93$1,673.17$2,011.16
Cash to close$102,688$25,990$25,990