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$76,408$76,408$211,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$135,092$0
Funding fee$382$382$0
Note rate3.410%3.410%7.320%
Blended rate3.410%6.342%7.560%
1st payment$499.51$499.51$1,452.86
2nd payment$0.00$900.61$0.00
Taxes / mo$247.83$247.83$247.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.30
HOA / mo$0.00$0.00$0.00
Total monthly$897.34$1,797.95$1,892.99
Cash to close$158,592$23,500$23,500