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$160,439$160,439$231,750
Remaining term (yrs)24.024.030.0
Secondary amount$0$71,311$0
Funding fee$802$802$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.756%7.560%
1st payment$767.73$767.73$1,591.96
2nd payment$0.00$534.84$0.00
Taxes / mo$214.58$214.58$214.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.35
HOA / mo$0.00$0.00$0.00
Total monthly$1,132.32$1,667.15$2,002.90
Cash to close$97,061$25,750$25,750