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$171,200$171,200$283,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$112,300$0
Funding fee$856$856$0
Note rate2.780%2.780%7.320%
Blended rate2.780%4.848%7.560%
1st payment$792.40$792.40$1,947.45
2nd payment$0.00$748.66$0.00
Taxes / mo$40.50$40.50$40.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$982.90$1,731.56$2,194.65
Cash to close$143,800$31,500$31,500