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$99,266$99,266$214,200
Remaining term (yrs)16.416.430.0
Secondary amount$0$114,934$0
Funding fee$496$496$0
Note rate3.530%3.530%7.320%
Blended rate3.530%5.928%7.560%
1st payment$659.71$659.71$1,471.41
2nd payment$0.00$766.22$0.00
Taxes / mo$580.25$580.25$580.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.84
HOA / mo$0.00$0.00$0.00
Total monthly$1,389.96$2,156.18$2,244.50
Cash to close$138,734$23,800$23,800