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$121,752$121,752$202,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$80,748$0
Funding fee$609$609$0
Note rate2.830%2.830%7.320%
Blended rate2.830%5.290%7.560%
1st payment$578.72$578.72$1,391.03
2nd payment$0.00$605.61$0.00
Taxes / mo$222.50$222.50$222.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$951.22$1,556.84$1,804.03
Cash to close$103,248$22,500$22,500