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$180,396$180,396$247,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$67,104$0
Funding fee$902$902$0
Note rate2.810%2.810%7.320%
Blended rate2.810%4.488%7.560%
1st payment$847.54$847.54$1,700.15
2nd payment$0.00$503.28$0.00
Taxes / mo$708.83$708.83$708.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,706.37$2,209.65$2,608.49
Cash to close$94,604$27,500$27,500