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$140,581$140,581$283,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$142,919$0
Funding fee$703$703$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.456%7.640%
1st payment$648.37$648.37$1,962.90
2nd payment$0.00$952.80$0.00
Taxes / mo$218.83$218.83$218.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,017.21$1,970.00$2,388.43
Cash to close$174,419$31,500$31,500