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$157,632$157,632$206,550
Remaining term (yrs)24.024.030.0
Secondary amount$0$48,918$0
Funding fee$788$788$0
Note rate2.890%2.890%7.320%
Blended rate2.890%4.337%7.560%
1st payment$755.92$755.92$1,418.86
2nd payment$0.00$366.88$0.00
Taxes / mo$132.58$132.58$132.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$41.31
HOA / mo$0.00$0.00$0.00
Total monthly$1,038.50$1,405.39$1,742.75
Cash to close$71,868$22,950$22,950