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$174,523$174,523$207,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$32,477$0
Funding fee$873$873$0
Note rate2.870%2.870%7.320%
Blended rate2.870%3.832%7.560%
1st payment$814.00$814.00$1,421.95
2nd payment$0.00$243.58$0.00
Taxes / mo$117.92$117.92$117.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,081.92$1,325.50$1,731.26
Cash to close$55,477$23,000$23,000