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$138,358$138,358$193,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$55,142$0
Funding fee$692$692$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.638%7.640%
1st payment$653.40$653.40$1,339.75
2nd payment$0.00$413.57$0.00
Taxes / mo$267.42$267.42$267.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$65.00$65.00$65.00
Total monthly$1,135.82$1,549.39$1,860.87
Cash to close$76,642$21,500$21,500