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$137,447$137,447$247,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$110,053$0
Funding fee$687$687$0
Note rate2.870%2.870%7.320%
Blended rate2.870%5.151%7.560%
1st payment$700.88$700.88$1,700.15
2nd payment$0.00$733.69$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,080.04$1,813.73$2,128.82
Cash to close$137,553$27,500$27,500