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$120,398$120,398$251,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$130,702$0
Funding fee$602$602$0
Note rate2.670%2.670%7.400%
Blended rate2.670%5.444%7.640%
1st payment$559.75$559.75$1,738.57
2nd payment$0.00$871.34$0.00
Taxes / mo$576.00$576.00$576.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,285.75$2,157.10$2,514.79
Cash to close$158,602$27,900$27,900