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$148,485$148,485$355,050
Remaining term (yrs)28.928.930.0
Secondary amount$0$206,565$0
Funding fee$742$742$0
Note rate6.560%6.560%7.400%
Blended rate6.560%7.252%7.640%
1st payment$954.03$954.03$2,458.29
2nd payment$0.00$1,334.07$0.00
Taxes / mo$119.08$119.08$119.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.01
HOA / mo$0.00$0.00$0.00
Total monthly$1,223.11$2,557.18$2,798.39
Cash to close$246,015$39,450$39,450