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$58,639$58,639$162,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$103,361$0
Funding fee$293$293$0
Note rate6.670%6.670%7.320%
Blended rate6.670%7.519%7.560%
1st payment$390.80$390.80$1,112.83
2nd payment$0.00$689.07$0.00
Taxes / mo$28.25$28.25$28.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.40
HOA / mo$281.00$281.00$281.00
Total monthly$850.05$1,539.12$1,604.48
Cash to close$121,361$18,000$18,000