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$58,765$58,765$107,910
Remaining term (yrs)8.38.330.0
Secondary amount$0$49,145$0
Funding fee$294$294$0
Note rate3.160%3.160%7.400%
Blended rate3.160%5.820%7.640%
1st payment$663.39$663.39$747.15
2nd payment$0.00$368.59$0.00
Taxes / mo$120.67$120.67$120.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$21.58
HOA / mo$400.00$400.00$400.00
Total monthly$1,334.05$1,702.65$1,439.40
Cash to close$61,135$11,990$11,990