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$164,014$164,014$269,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$105,086$0
Funding fee$820$820$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.879%7.640%
1st payment$764.10$764.10$1,863.19
2nd payment$0.00$700.58$0.00
Taxes / mo$144.92$144.92$144.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$2.08$2.08$2.08
Total monthly$1,061.10$1,761.67$2,214.01
Cash to close$134,986$29,900$29,900