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$116,750$116,750$265,950
Remaining term (yrs)18.818.830.0
Secondary amount$0$149,200$0
Funding fee$584$584$0
Note rate3.480%3.480%7.400%
Blended rate3.480%6.016%7.640%
1st payment$702.77$702.77$1,841.38
2nd payment$0.00$994.67$0.00
Taxes / mo$171.50$171.50$171.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.19
HOA / mo$214.00$214.00$214.00
Total monthly$1,238.27$2,232.93$2,430.07
Cash to close$178,750$29,550$29,550