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$88,306$88,306$193,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$105,194$0
Funding fee$442$442$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.663%7.640%
1st payment$415.16$415.16$1,339.75
2nd payment$0.00$701.30$0.00
Taxes / mo$4.17$4.17$4.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$569.33$1,270.62$1,532.62
Cash to close$126,694$21,500$21,500