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$65,013$65,013$135,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$69,987$0
Funding fee$325$325$0
Note rate4.530%4.530%7.320%
Blended rate4.530%6.847%7.560%
1st payment$388.60$388.60$927.36
2nd payment$0.00$524.90$0.00
Taxes / mo$286.01$286.01$286.01
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$27.00
HOA / mo$359.00$359.00$359.00
Total monthly$1,183.61$1,708.51$1,749.37
Cash to close$84,987$15,000$15,000