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$140,681$140,681$188,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$48,229$0
Funding fee$703$703$0
Note rate2.940%2.940%7.400%
Blended rate2.940%4.487%7.640%
1st payment$679.86$679.86$1,307.97
2nd payment$0.00$361.72$0.00
Taxes / mo$6.75$6.75$6.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$836.61$1,198.33$1,502.51
Cash to close$69,219$20,990$20,990