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$123,483$123,483$170,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$46,617$0
Funding fee$617$617$0
Note rate2.890%2.890%7.320%
Blended rate2.890%4.564%7.560%
1st payment$592.16$592.16$1,168.47
2nd payment$0.00$349.63$0.00
Taxes / mo$157.50$157.50$157.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$34.02
HOA / mo$0.00$0.00$0.00
Total monthly$899.66$1,249.29$1,509.99
Cash to close$65,517$18,900$18,900