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$87,327$87,327$202,500
Remaining term (yrs)12.412.430.0
Secondary amount$0$115,173$0
Funding fee$437$437$0
Note rate5.250%5.250%7.320%
Blended rate5.250%6.814%7.560%
1st payment$795.18$795.18$1,391.03
2nd payment$0.00$767.82$0.00
Taxes / mo$228.58$228.58$228.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,173.76$1,941.58$1,810.12
Cash to close$137,673$22,500$22,500