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$162,529$162,529$255,600
Remaining term (yrs)23.923.930.0
Secondary amount$0$93,071$0
Funding fee$813$813$0
Note rate2.960%2.960%7.400%
Blended rate2.960%5.159%7.640%
1st payment$787.12$787.12$1,769.72
2nd payment$0.00$698.03$0.00
Taxes / mo$181.83$181.83$181.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.12
HOA / mo$138.00$138.00$138.00
Total monthly$1,256.95$1,954.98$2,290.68
Cash to close$121,471$28,400$28,400