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$50,556$50,556$179,100
Remaining term (yrs)10.010.030.0
Secondary amount$0$128,544$0
Funding fee$253$253$0
Note rate6.400%6.400%7.320%
Blended rate6.400%7.548%7.560%
1st payment$564.79$564.79$1,230.29
2nd payment$0.00$856.96$0.00
Taxes / mo$87.50$87.50$87.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.82
HOA / mo$0.00$0.00$0.00
Total monthly$802.29$1,659.25$1,503.61
Cash to close$148,444$19,900$19,900