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$155,114$155,114$269,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$114,796$0
Funding fee$776$776$0
Note rate3.500%3.500%7.320%
Blended rate3.500%5.414%7.560%
1st payment$894.46$894.46$1,854.09
2nd payment$0.00$765.31$0.00
Taxes / mo$388.00$388.00$388.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$14.50$14.50$14.50
Total monthly$1,446.96$2,212.27$2,460.58
Cash to close$144,786$29,990$29,990