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$114,007$114,007$196,155
Remaining term (yrs)24.324.330.0
Secondary amount$0$82,148$0
Funding fee$570$570$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.344%7.640%
1st payment$532.35$532.35$1,358.14
2nd payment$0.00$616.11$0.00
Taxes / mo$290.00$290.00$290.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.23
HOA / mo$0.00$0.00$0.00
Total monthly$972.35$1,588.46$1,837.37
Cash to close$103,943$21,795$21,795