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$119,883$119,883$292,410
Remaining term (yrs)24.424.430.0
Secondary amount$0$172,527$0
Funding fee$599$599$0
Note rate6.370%6.370%7.400%
Blended rate6.370%7.332%7.640%
1st payment$805.29$805.29$2,024.59
2nd payment$0.00$1,150.18$0.00
Taxes / mo$155.42$155.42$155.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,110.71$2,260.89$2,388.49
Cash to close$205,017$32,490$32,490