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$160,011$160,011$199,350
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,339$0
Funding fee$800$800$0
Note rate3.220%3.220%7.400%
Blended rate3.220%4.361%7.640%
1st payment$767.31$767.31$1,380.26
2nd payment$0.00$295.04$0.00
Taxes / mo$184.58$184.58$184.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.87
HOA / mo$0.00$0.00$0.00
Total monthly$1,101.90$1,396.94$1,754.71
Cash to close$61,489$22,150$22,150