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$10,621$10,621$99,000
Remaining term (yrs)2.42.430.0
Secondary amount$0$88,379$0
Funding fee$53$53$0
Note rate3.550%3.550%7.400%
Blended rate3.550%8.415%7.640%
1st payment$370.51$370.51$685.46
2nd payment$0.00$662.84$0.00
Taxes / mo$181.83$181.83$181.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$19.80
HOA / mo$0.00$0.00$0.00
Total monthly$702.34$1,365.18$1,037.09
Cash to close$99,379$11,000$11,000