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$153,420$153,420$247,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$94,080$0
Funding fee$767$767$0
Note rate2.780%2.780%7.320%
Blended rate2.780%5.144%7.560%
1st payment$723.59$723.59$1,700.15
2nd payment$0.00$705.60$0.00
Taxes / mo$251.75$251.75$251.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$16.67$16.67$16.67
Total monthly$1,142.01$1,847.61$2,168.07
Cash to close$121,580$27,500$27,500