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$42,685$42,685$202,500
Remaining term (yrs)8.98.930.0
Secondary amount$0$159,815$0
Funding fee$213$213$0
Note rate4.500%4.500%7.320%
Blended rate4.500%7.262%7.560%
1st payment$477.80$477.80$1,391.03
2nd payment$0.00$1,065.43$0.00
Taxes / mo$455.92$455.92$455.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,083.72$2,149.15$2,037.45
Cash to close$182,315$22,500$22,500