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$76,676$76,676$148,410
Remaining term (yrs)11.711.730.0
Secondary amount$0$71,734$0
Funding fee$383$383$0
Note rate4.500%4.500%7.400%
Blended rate4.500%6.675%7.640%
1st payment$697.43$697.43$1,027.56
2nd payment$0.00$538.01$0.00
Taxes / mo$137.42$137.42$137.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$29.68
HOA / mo$0.00$0.00$0.00
Total monthly$984.84$1,522.85$1,344.66
Cash to close$88,224$16,490$16,490