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$180,509$180,509$261,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$80,491$0
Funding fee$903$903$0
Note rate2.750%2.750%7.400%
Blended rate2.750%4.677%7.640%
1st payment$830.78$830.78$1,807.11
2nd payment$0.00$603.68$0.00
Taxes / mo$403.00$403.00$403.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$130.00$130.00$130.00
Total monthly$1,513.78$2,117.47$2,542.31
Cash to close$109,491$29,000$29,000