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$183,746$183,746$211,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$27,754$0
Funding fee$919$919$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.700%7.640%
1st payment$863.78$863.78$1,464.38
2nd payment$0.00$208.16$0.00
Taxes / mo$243.42$243.42$243.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$300.00$300.00$300.00
Total monthly$1,557.20$1,765.35$2,200.10
Cash to close$51,254$23,500$23,500