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$149,417$149,417$220,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$71,083$0
Funding fee$747$747$0
Note rate2.970%2.970%7.320%
Blended rate2.970%4.914%7.560%
1st payment$711.04$711.04$1,514.68
2nd payment$0.00$533.12$0.00
Taxes / mo$588.83$588.83$588.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,449.87$1,982.99$2,297.62
Cash to close$95,583$24,500$24,500