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$56,187$56,187$122,400
Remaining term (yrs)14.614.630.0
Secondary amount$0$66,213$0
Funding fee$281$281$0
Note rate4.870%4.870%7.400%
Blended rate4.870%7.104%7.640%
1st payment$445.60$445.60$847.47
2nd payment$0.00$496.60$0.00
Taxes / mo$85.25$85.25$85.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$24.48
HOA / mo$0.00$0.00$0.00
Total monthly$680.85$1,177.45$1,107.20
Cash to close$79,813$13,600$13,600