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$114,475$114,475$161,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$47,435$0
Funding fee$572$572$0
Note rate2.250%2.250%7.400%
Blended rate2.250%4.228%7.640%
1st payment$500.51$500.51$1,121.03
2nd payment$0.00$355.76$0.00
Taxes / mo$83.83$83.83$83.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.38
HOA / mo$209.00$209.00$209.00
Total monthly$943.34$1,299.10$1,596.25
Cash to close$65,425$17,990$17,990