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$176,594$176,594$247,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$70,906$0
Funding fee$883$883$0
Note rate4.000%4.000%7.400%
Blended rate4.000%5.432%7.640%
1st payment$975.36$975.36$1,713.64
2nd payment$0.00$531.79$0.00
Taxes / mo$595.12$595.12$595.12
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$1,720.48$2,252.27$2,508.26
Cash to close$98,406$27,500$27,500