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$98,381$98,381$148,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$50,119$0
Funding fee$492$492$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.695%7.640%
1st payment$595.43$595.43$1,028.18
2nd payment$0.00$375.89$0.00
Taxes / mo$31.51$31.51$31.51
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$776.94$1,152.83$1,239.39
Cash to close$66,619$16,500$16,500