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$176,981$176,981$274,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$97,519$0
Funding fee$885$885$0
Note rate2.990%2.990%7.400%
Blended rate2.990%5.125%7.640%
1st payment$842.13$842.13$1,900.58
2nd payment$0.00$731.39$0.00
Taxes / mo$227.17$227.17$227.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,219.30$1,950.69$2,332.65
Cash to close$128,019$30,500$30,500