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$100,013$100,013$157,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$57,487$0
Funding fee$500$500$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.508%7.640%
1st payment$651.59$651.59$1,090.50
2nd payment$0.00$431.15$0.00
Taxes / mo$230.00$230.00$230.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$31.50
HOA / mo$252.00$252.00$252.00
Total monthly$1,283.59$1,714.74$1,754.00
Cash to close$74,987$17,500$17,500