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$146,224$146,224$188,999
Remaining term (yrs)24.824.830.0
Secondary amount$0$42,776$0
Funding fee$731$731$0
Note rate2.980%2.980%7.400%
Blended rate2.980%4.342%7.640%
1st payment$693.45$693.45$1,308.59
2nd payment$0.00$320.82$0.00
Taxes / mo$180.00$180.00$180.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,023.45$1,344.26$1,676.39
Cash to close$63,775$21,000$21,000