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$128,717$128,717$180,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$51,283$0
Funding fee$644$644$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.212%7.560%
1st payment$843.81$843.81$1,236.48
2nd payment$0.00$384.62$0.00
Taxes / mo$99.83$99.83$99.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$36.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,093.64$1,478.27$1,522.31
Cash to close$71,283$20,000$20,000