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$142,234$142,234$184,950
Remaining term (yrs)24.924.930.0
Secondary amount$0$42,716$0
Funding fee$711$711$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.286%7.640%
1st payment$663.40$663.40$1,280.56
2nd payment$0.00$320.37$0.00
Taxes / mo$213.33$213.33$213.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.99
HOA / mo$339.00$339.00$339.00
Total monthly$1,365.73$1,686.10$2,019.88
Cash to close$63,266$20,550$20,550