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$42,477$42,477$180,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$137,523$0
Funding fee$212$212$0
Note rate3.780%3.780%7.400%
Blended rate3.780%7.004%7.640%
1st payment$243.21$243.21$1,246.28
2nd payment$0.00$916.82$0.00
Taxes / mo$43.50$43.50$43.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$436.71$1,353.53$1,475.78
Cash to close$157,523$20,000$20,000