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$183,535$183,535$260,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$77,375$0
Funding fee$918$918$0
Note rate2.800%2.800%7.320%
Blended rate2.800%4.639%7.560%
1st payment$851.37$851.37$1,792.27
2nd payment$0.00$580.31$0.00
Taxes / mo$282.92$282.92$282.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,284.29$1,864.60$2,277.37
Cash to close$106,365$28,990$28,990