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$96,038$96,038$314,910
Remaining term (yrs)24.224.230.0
Secondary amount$0$218,872$0
Funding fee$480$480$0
Note rate2.870%2.870%7.400%
Blended rate2.870%6.262%7.640%
1st payment$457.38$457.38$2,180.37
2nd payment$0.00$1,413.55$0.00
Taxes / mo$47.83$47.83$47.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$655.21$2,068.76$2,441.19
Cash to close$253,862$34,990$34,990