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$48,461$48,461$193,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$145,039$0
Funding fee$242$242$0
Note rate3.950%3.950%7.320%
Blended rate3.950%6.986%7.560%
1st payment$284.72$284.72$1,329.21
2nd payment$0.00$966.93$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$613.89$1,580.82$1,697.08
Cash to close$166,539$21,500$21,500