Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$118,492$118,492$144,000
Remaining term (yrs)12.912.930.0
Secondary amount$0$25,508$0
Funding fee$592$592$0
Note rate6.050%6.050%7.320%
Blended rate6.050%6.573%7.560%
1st payment$1,098.84$1,098.84$989.18
2nd payment$0.00$191.31$0.00
Taxes / mo$20.00$20.00$20.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$28.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,268.84$1,460.15$1,187.98
Cash to close$41,508$16,000$16,000