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$125,639$125,639$242,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$116,461$0
Funding fee$628$628$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.338%7.640%
1st payment$601.21$601.21$1,676.25
2nd payment$0.00$776.41$0.00
Taxes / mo$77.33$77.33$77.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$828.54$1,604.95$1,952.00
Cash to close$143,361$26,900$26,900