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$76,104$76,104$130,500
Remaining term (yrs)9.89.830.0
Secondary amount$0$54,396$0
Funding fee$381$381$0
Note rate6.600%6.600%7.400%
Blended rate6.600%7.600%7.640%
1st payment$873.17$873.17$903.56
2nd payment$0.00$407.97$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$26.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,239.76$1,647.73$1,296.24
Cash to close$68,896$14,500$14,500