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$156,158$156,158$305,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$149,752$0
Funding fee$781$781$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.381%7.640%
1st payment$728.34$728.34$2,118.06
2nd payment$0.00$998.35$0.00
Taxes / mo$283.25$283.25$283.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,161.59$2,159.94$2,612.49
Cash to close$183,742$33,990$33,990