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$119,805$119,805$180,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$60,195$0
Funding fee$599$599$0
Note rate6.320%6.320%7.400%
Blended rate6.320%7.216%7.640%
1st payment$775.35$775.35$1,246.28
2nd payment$0.00$451.46$0.00
Taxes / mo$156.50$156.50$156.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$1.08$1.08$1.08
Total monthly$1,082.93$1,534.39$1,589.86
Cash to close$80,195$20,000$20,000