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$119,198$119,198$211,410
Remaining term (yrs)19.719.730.0
Secondary amount$0$92,212$0
Funding fee$596$596$0
Note rate3.000%3.000%7.320%
Blended rate3.000%5.617%7.560%
1st payment$665.12$665.12$1,452.24
2nd payment$0.00$691.59$0.00
Taxes / mo$128.17$128.17$128.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$42.28
HOA / mo$225.00$225.00$225.00
Total monthly$1,168.29$1,859.88$1,997.69
Cash to close$115,702$23,490$23,490