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$119,324$119,324$247,500
Remaining term (yrs)15.115.130.0
Secondary amount$0$128,176$0
Funding fee$597$597$0
Note rate4.110%4.110%7.320%
Blended rate4.110%6.125%7.560%
1st payment$878.68$878.68$1,700.15
2nd payment$0.00$854.50$0.00
Taxes / mo$485.92$485.92$485.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,514.59$2,369.10$2,385.57
Cash to close$155,676$27,500$27,500