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$120,687$120,687$207,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$86,313$0
Funding fee$603$603$0
Note rate2.770%2.770%7.400%
Blended rate2.770%5.368%7.640%
1st payment$568.59$568.59$1,433.23
2nd payment$0.00$647.35$0.00
Taxes / mo$186.75$186.75$186.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$905.34$1,552.69$1,811.38
Cash to close$109,313$23,000$23,000