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$77,530$77,530$166,500
Remaining term (yrs)15.515.530.0
Secondary amount$0$88,970$0
Funding fee$388$388$0
Note rate2.500%2.500%7.400%
Blended rate2.500%5.973%7.640%
1st payment$498.84$498.84$1,152.81
2nd payment$0.00$667.28$0.00
Taxes / mo$155.25$155.25$155.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$804.09$1,471.36$1,491.36
Cash to close$107,470$18,500$18,500