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$93,990$93,990$189,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$95,010$0
Funding fee$470$470$0
Note rate4.610%4.610%7.400%
Blended rate4.610%6.817%7.640%
1st payment$569.70$569.70$1,308.60
2nd payment$0.00$712.58$0.00
Taxes / mo$175.00$175.00$175.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$37.80
HOA / mo$2.50$2.50$2.50
Total monthly$897.20$1,609.77$1,673.90
Cash to close$116,010$21,000$21,000