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$119,462$119,462$251,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$131,638$0
Funding fee$597$597$0
Note rate2.660%2.660%7.400%
Blended rate2.660%5.459%7.640%
1st payment$554.79$554.79$1,738.57
2nd payment$0.00$877.58$0.00
Taxes / mo$90.25$90.25$90.25
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$795.04$1,672.63$2,029.04
Cash to close$159,538$27,900$27,900