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$107,504$107,504$195,300
Remaining term (yrs)15.915.930.0
Secondary amount$0$87,796$0
Funding fee$538$538$0
Note rate3.590%3.590%7.320%
Blended rate3.590%6.022%7.560%
1st payment$734.03$734.03$1,341.58
2nd payment$0.00$658.47$0.00
Taxes / mo$517.92$517.92$517.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$39.06
HOA / mo$0.00$0.00$0.00
Total monthly$1,401.94$2,060.41$2,048.55
Cash to close$109,496$21,700$21,700