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$110,197$110,197$179,010
Remaining term (yrs)16.316.330.0
Secondary amount$0$68,813$0
Funding fee$551$551$0
Note rate2.500%2.500%7.320%
Blended rate2.500%4.999%7.560%
1st payment$679.78$679.78$1,229.67
2nd payment$0.00$516.10$0.00
Taxes / mo$165.75$165.75$165.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.80
HOA / mo$0.00$0.00$0.00
Total monthly$995.53$1,511.63$1,581.23
Cash to close$88,703$19,890$19,890