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$168,950$168,950$292,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$123,550$0
Funding fee$845$845$0
Note rate3.620%3.620%7.400%
Blended rate3.620%5.470%7.640%
1st payment$900.72$900.72$2,025.21
2nd payment$0.00$823.66$0.00
Taxes / mo$143.90$143.90$143.90
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,194.61$2,018.27$2,377.61
Cash to close$156,050$32,500$32,500