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$125,414$125,414$179,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$53,686$0
Funding fee$627$627$0
Note rate2.980%2.980%7.320%
Blended rate2.980%4.785%7.560%
1st payment$597.46$597.46$1,230.29
2nd payment$0.00$402.65$0.00
Taxes / mo$138.58$138.58$138.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.82
HOA / mo$155.00$155.00$155.00
Total monthly$1,041.05$1,443.69$1,709.70
Cash to close$73,586$19,900$19,900