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$120,130$120,130$238,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$118,370$0
Funding fee$601$601$0
Note rate2.980%2.980%7.400%
Blended rate2.980%5.471%7.640%
1st payment$569.70$569.70$1,651.33
2nd payment$0.00$789.13$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$940.54$1,729.67$2,069.86
Cash to close$144,870$26,500$26,500