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$130,933$130,933$315,000
Remaining term (yrs)12.112.130.0
Secondary amount$0$184,067$0
Funding fee$655$655$0
Note rate6.100%6.100%7.320%
Blended rate6.100%7.210%7.560%
1st payment$1,266.71$1,266.71$2,163.83
2nd payment$0.00$1,227.12$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$73.33$73.33$73.33
Total monthly$1,948.37$3,175.49$2,908.49
Cash to close$219,067$35,000$35,000