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$83,890$83,890$191,160
Remaining term (yrs)18.118.130.0
Secondary amount$0$107,270$0
Funding fee$419$419$0
Note rate4.040%4.040%7.400%
Blended rate4.040%6.262%7.640%
1st payment$542.09$542.09$1,323.55
2nd payment$0.00$715.13$0.00
Taxes / mo$246.09$246.09$246.09
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.23
HOA / mo$0.00$0.00$0.00
Total monthly$938.18$1,653.31$1,757.88
Cash to close$128,510$21,240$21,240