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$124,075$124,075$261,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$136,925$0
Funding fee$620$620$0
Note rate3.130%3.130%7.320%
Blended rate3.130%5.685%7.560%
1st payment$600.78$600.78$1,792.89
2nd payment$0.00$912.83$0.00
Taxes / mo$183.08$183.08$183.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$933.86$1,846.70$2,178.17
Cash to close$165,925$29,000$29,000