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$158,347$158,347$310,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$152,153$0
Funding fee$792$792$0
Note rate2.890%2.890%7.320%
Blended rate2.890%5.394%7.560%
1st payment$759.35$759.35$2,132.92
2nd payment$0.00$1,014.35$0.00
Taxes / mo$290.04$290.04$290.04
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$98.00$98.00$98.00
Total monthly$1,297.38$2,311.74$2,733.05
Cash to close$186,653$34,500$34,500