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$97,037$97,037$166,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$69,463$0
Funding fee$485$485$0
Note rate3.130%3.130%7.320%
Blended rate3.130%5.579%7.560%
1st payment$469.86$469.86$1,143.74
2nd payment$0.00$520.98$0.00
Taxes / mo$389.92$389.92$389.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,009.77$1,530.75$1,716.96
Cash to close$87,963$18,500$18,500