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$159,984$159,984$247,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$87,516$0
Funding fee$800$800$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.031%7.640%
1st payment$745.36$745.36$1,713.64
2nd payment$0.00$656.37$0.00
Taxes / mo$1.25$1.25$1.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$896.61$1,552.98$1,914.39
Cash to close$115,016$27,500$27,500