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$107,506$107,506$162,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$54,494$0
Funding fee$538$538$0
Note rate2.900%2.900%7.400%
Blended rate2.900%4.952%7.640%
1st payment$500.83$500.83$1,121.66
2nd payment$0.00$408.70$0.00
Taxes / mo$65.25$65.25$65.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$716.08$1,124.79$1,369.31
Cash to close$72,494$18,000$18,000