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$48,916$48,916$202,500
Remaining term (yrs)17.817.830.0
Secondary amount$0$153,584$0
Funding fee$245$245$0
Note rate4.120%4.120%7.400%
Blended rate4.120%7.063%7.640%
1st payment$322.10$322.10$1,402.07
2nd payment$0.00$1,023.89$0.00
Taxes / mo$90.42$90.42$90.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$562.52$1,586.41$1,682.99
Cash to close$176,084$22,500$22,500