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$107,746$107,746$148,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$40,754$0
Funding fee$539$539$0
Note rate4.050%4.050%7.400%
Blended rate4.050%5.408%7.640%
1st payment$638.76$638.76$1,028.18
2nd payment$0.00$305.66$0.00
Taxes / mo$302.58$302.58$302.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$29.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,091.34$1,397.00$1,510.47
Cash to close$57,254$16,500$16,500