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$164,100$164,100$337,500
Remaining term (yrs)60.760.730.0
Secondary amount$0$173,400$0
Funding fee$820$820$0
Note rate4.070%4.070%7.400%
Blended rate4.070%6.089%7.640%
1st payment$607.90$607.90$2,336.78
2nd payment$0.00$1,156.00$0.00
Taxes / mo$282.25$282.25$282.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,040.15$2,196.15$2,836.53
Cash to close$210,900$37,500$37,500