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$162,066$162,066$256,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$94,434$0
Funding fee$810$810$0
Note rate2.970%2.970%7.400%
Blended rate2.970%5.190%7.640%
1st payment$767.74$767.74$1,775.95
2nd payment$0.00$708.25$0.00
Taxes / mo$220.25$220.25$220.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$412.00$412.00$412.00
Total monthly$1,549.99$2,258.24$2,609.50
Cash to close$122,934$28,500$28,500