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$175,596$175,596$242,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$66,504$0
Funding fee$878$878$0
Note rate3.020%3.020%7.320%
Blended rate3.020%4.663%7.560%
1st payment$855.84$855.84$1,663.06
2nd payment$0.00$498.78$0.00
Taxes / mo$275.17$275.17$275.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.01$1,779.79$2,136.65
Cash to close$93,404$26,900$26,900