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$137,366$137,366$198,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$60,634$0
Funding fee$687$687$0
Note rate3.050%3.050%7.400%
Blended rate3.050%4.872%7.640%
1st payment$650.66$650.66$1,370.91
2nd payment$0.00$454.75$0.00
Taxes / mo$183.33$183.33$183.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.60
HOA / mo$0.00$0.00$0.00
Total monthly$983.99$1,438.75$1,743.85
Cash to close$82,634$22,000$22,000