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$110,042$110,042$130,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$27,708$0
Funding fee$550$550$0
Note rate3.090%3.090%7.400%
Blended rate3.090%4.857%7.640%
1st payment$523.54$523.54$903.56
2nd payment$0.00$274.19$0.00
Taxes / mo$120.83$120.83$120.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.10
HOA / mo$228.00$228.00$228.00
Total monthly$1,022.37$1,296.56$1,428.49
Cash to close$34,958$7,250$14,500