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$135,188$135,188$189,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$53,812$0
Funding fee$676$676$0
Note rate2.240%2.240%7.400%
Blended rate2.240%4.165%7.640%
1st payment$580.32$580.32$1,308.60
2nd payment$0.00$403.59$0.00
Taxes / mo$42.83$42.83$42.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$773.15$1,176.73$1,539.23
Cash to close$74,812$21,000$21,000