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$42,563$42,563$125,100
Remaining term (yrs)9.49.430.0
Secondary amount$0$82,537$0
Funding fee$213$213$0
Note rate6.230%6.230%7.320%
Blended rate6.230%8.058%7.560%
1st payment$492.46$492.46$859.35
2nd payment$0.00$619.03$0.00
Taxes / mo$117.58$117.58$117.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$25.02
HOA / mo$243.00$243.00$243.00
Total monthly$1,003.04$1,622.07$1,394.95
Cash to close$96,437$13,900$13,900