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$97,202$97,202$198,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$100,798$0
Funding fee$486$486$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.482%7.640%
1st payment$452.34$452.34$1,370.91
2nd payment$0.00$671.99$0.00
Taxes / mo$114.17$114.17$114.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$716.51$1,388.49$1,674.68
Cash to close$122,798$22,000$22,000