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$115,934$115,934$234,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$118,066$0
Funding fee$580$580$0
Note rate2.860%2.860%7.400%
Blended rate2.860%5.453%7.640%
1st payment$555.50$555.50$1,620.17
2nd payment$0.00$787.11$0.00
Taxes / mo$35.17$35.17$35.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$740.67$1,527.78$1,852.14
Cash to close$144,066$26,000$26,000