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$107,006$107,006$247,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$140,494$0
Funding fee$535$535$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.713%7.640%
1st payment$499.66$499.66$1,713.64
2nd payment$0.00$936.62$0.00
Taxes / mo$229.08$229.08$229.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$878.75$1,815.37$2,142.22
Cash to close$167,994$27,500$27,500