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$64,093$64,093$94,499
Remaining term (yrs)24.524.530.0
Secondary amount$0$30,406$0
Funding fee$320$320$0
Note rate3.080%3.080%7.320%
Blended rate3.080%4.985%7.560%
1st payment$309.37$309.37$649.14
2nd payment$0.00$228.04$0.00
Taxes / mo$31.76$31.76$31.76
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$18.90
HOA / mo$0.00$0.00$0.00
Total monthly$491.12$719.16$849.80
Cash to close$40,906$10,500$10,500