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$116,985$116,985$234,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$117,015$0
Funding fee$585$585$0
Note rate3.950%3.950%7.320%
Blended rate3.950%5.975%7.560%
1st payment$678.64$678.64$1,607.42
2nd payment$0.00$780.10$0.00
Taxes / mo$258.83$258.83$258.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.47$1,867.57$2,063.05
Cash to close$143,015$26,000$26,000