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$145,743$145,743$211,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$65,757$0
Funding fee$729$729$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.776%7.640%
1st payment$678.23$678.23$1,464.38
2nd payment$0.00$493.17$0.00
Taxes / mo$195.83$195.83$195.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,024.06$1,517.24$1,852.52
Cash to close$89,257$23,500$23,500