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$168,903$168,903$216,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$47,097$0
Funding fee$845$845$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.207%7.560%
1st payment$787.79$787.79$1,483.77
2nd payment$0.00$353.23$0.00
Taxes / mo$274.96$274.96$274.96
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$739.00$739.00$739.00
Total monthly$1,951.75$2,304.98$2,690.93
Cash to close$71,097$24,000$24,000