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$117,236$117,236$242,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$124,864$0
Funding fee$586$586$0
Note rate2.880%2.880%7.320%
Blended rate2.880%5.521%7.560%
1st payment$561.60$561.60$1,663.06
2nd payment$0.00$832.43$0.00
Taxes / mo$84.25$84.25$84.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$795.85$1,628.28$1,945.73
Cash to close$151,764$26,900$26,900