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$118,540$118,540$175,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$56,870$0
Funding fee$593$593$0
Note rate3.850%3.850%7.400%
Blended rate3.850%5.520%7.640%
1st payment$607.58$607.58$1,214.50
2nd payment$0.00$426.53$0.00
Taxes / mo$222.17$222.17$222.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.08
HOA / mo$0.00$0.00$0.00
Total monthly$979.74$1,406.27$1,621.75
Cash to close$76,360$19,490$19,490