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$120,572$120,572$153,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$32,428$0
Funding fee$603$603$0
Note rate2.810%2.810%7.400%
Blended rate2.810%4.122%7.640%
1st payment$571.88$571.88$1,059.34
2nd payment$0.00$243.21$0.00
Taxes / mo$96.58$96.58$96.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$30.60
HOA / mo$0.00$0.00$0.00
Total monthly$818.47$1,061.68$1,336.52
Cash to close$49,428$17,000$17,000