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$86,294$86,294$234,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$147,706$0
Funding fee$431$431$0
Note rate2.860%2.860%7.400%
Blended rate2.860%6.104%7.640%
1st payment$412.49$412.49$1,620.17
2nd payment$0.00$984.71$0.00
Taxes / mo$216.67$216.67$216.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$779.16$1,763.87$2,033.64
Cash to close$173,706$26,000$26,000