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$159,836$159,836$234,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$74,164$0
Funding fee$799$799$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.772%7.640%
1st payment$749.18$749.18$1,620.17
2nd payment$0.00$556.23$0.00
Taxes / mo$510.53$510.53$510.53
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,409.71$1,965.94$2,327.50
Cash to close$100,164$26,000$26,000