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$97,955$97,955$135,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$37,045$0
Funding fee$490$490$0
Note rate2.840%2.840%7.400%
Blended rate2.840%4.530%7.640%
1st payment$454.33$454.33$934.71
2nd payment$0.00$277.84$0.00
Taxes / mo$32.50$32.50$32.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$27.00
HOA / mo$4.17$4.17$4.17
Total monthly$641.00$918.84$1,148.38
Cash to close$52,045$15,000$15,000