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$150,954$150,954$225,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$74,046$0
Funding fee$755$755$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.961%7.560%
1st payment$734.36$734.36$1,545.59
2nd payment$0.00$555.35$0.00
Taxes / mo$359.08$359.08$359.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,243.44$1,798.79$2,099.68
Cash to close$99,046$25,000$25,000