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$113,136$113,136$215,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$102,774$0
Funding fee$566$566$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.291%7.640%
1st payment$532.70$532.70$1,494.92
2nd payment$0.00$685.16$0.00
Taxes / mo$356.04$356.04$356.04
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$581.00$581.00$581.00
Total monthly$1,619.74$2,304.90$2,625.14
Cash to close$126,764$23,990$23,990