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$157,910$157,910$247,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$89,590$0
Funding fee$790$790$0
Note rate2.700%2.700%7.400%
Blended rate2.700%4.980%7.640%
1st payment$740.13$740.13$1,713.64
2nd payment$0.00$671.92$0.00
Taxes / mo$484.33$484.33$484.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$454.00$454.00$454.00
Total monthly$1,828.47$2,500.39$2,851.47
Cash to close$117,090$27,500$27,500