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$153,996$153,996$228,600
Remaining term (yrs)23.723.730.0
Secondary amount$0$74,604$0
Funding fee$770$770$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.113%7.640%
1st payment$772.72$772.72$1,582.78
2nd payment$0.00$559.53$0.00
Taxes / mo$113.65$113.65$113.65
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,036.37$1,595.90$1,892.15
Cash to close$100,004$25,400$25,400