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$161,940$161,940$247,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$85,560$0
Funding fee$810$810$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.996%7.640%
1st payment$787.10$787.10$1,713.64
2nd payment$0.00$641.70$0.00
Taxes / mo$96.50$96.50$96.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,033.60$1,675.31$2,009.64
Cash to close$113,060$27,500$27,500