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$88,315$88,315$135,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$46,685$0
Funding fee$442$442$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.075%7.640%
1st payment$420.69$420.69$934.71
2nd payment$0.00$350.14$0.00
Taxes / mo$50.00$50.00$50.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$27.00
HOA / mo$0.00$0.00$0.00
Total monthly$620.69$970.83$1,161.71
Cash to close$61,685$15,000$15,000