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$70,902$70,902$215,910
Remaining term (yrs)17.117.130.0
Secondary amount$0$145,008$0
Funding fee$355$355$0
Note rate4.100%4.100%7.400%
Blended rate4.100%6.719%7.640%
1st payment$478.37$478.37$1,494.92
2nd payment$0.00$966.72$0.00
Taxes / mo$120.42$120.42$120.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.18
HOA / mo$0.00$0.00$0.00
Total monthly$748.78$1,715.50$1,808.52
Cash to close$168,998$23,990$23,990