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$117,331$117,331$188,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$70,769$0
Funding fee$587$587$0
Note rate3.160%3.160%7.400%
Blended rate3.160%5.357%7.640%
1st payment$580.39$580.39$1,302.37
2nd payment$0.00$530.76$0.00
Taxes / mo$149.42$149.42$149.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.62
HOA / mo$0.00$0.00$0.00
Total monthly$879.81$1,410.58$1,639.40
Cash to close$91,669$20,900$20,900