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$115,443$115,443$193,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$78,057$0
Funding fee$577$577$0
Note rate2.810%2.810%7.400%
Blended rate2.810%5.307%7.640%
1st payment$541.10$541.10$1,339.75
2nd payment$0.00$585.43$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$120.00$120.00$120.00
Total monthly$990.27$1,575.70$1,827.62
Cash to close$99,557$21,500$21,500