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$157,499$157,499$251,910
Remaining term (yrs)20.720.730.0
Secondary amount$0$94,411$0
Funding fee$787$787$0
Note rate3.950%3.950%7.320%
Blended rate3.950%5.843%7.560%
1st payment$925.35$925.35$1,730.45
2nd payment$0.00$708.09$0.00
Taxes / mo$107.08$107.08$107.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.38
HOA / mo$320.00$320.00$320.00
Total monthly$1,502.43$2,210.52$2,357.91
Cash to close$122,401$27,990$27,990