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$141,194$141,194$246,600
Remaining term (yrs)24.924.930.0
Secondary amount$0$105,406$0
Funding fee$706$706$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.023%7.640%
1st payment$653.46$653.46$1,707.41
2nd payment$0.00$702.70$0.00
Taxes / mo$133.83$133.83$133.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.32
HOA / mo$20.83$20.83$20.83
Total monthly$958.13$1,660.83$2,061.39
Cash to close$132,806$27,400$27,400