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$106,125$106,125$188,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$82,785$0
Funding fee$531$531$0
Note rate2.875%2.875%7.400%
Blended rate2.875%5.559%7.640%
1st payment$509.32$509.32$1,307.97
2nd payment$0.00$620.89$0.00
Taxes / mo$80.50$80.50$80.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.78
HOA / mo$0.00$0.00$0.00
Total monthly$739.82$1,360.71$1,576.26
Cash to close$103,775$20,990$20,990