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$88,575$88,575$157,500
Remaining term (yrs)15.715.730.0
Secondary amount$0$68,925$0
Funding fee$443$443$0
Note rate3.800%3.800%7.400%
Blended rate3.800%6.076%7.640%
1st payment$621.12$621.12$1,090.50
2nd payment$0.00$516.94$0.00
Taxes / mo$145.83$145.83$145.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$31.50
HOA / mo$0.00$0.00$0.00
Total monthly$916.95$1,433.89$1,417.83
Cash to close$86,425$17,500$17,500