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$156,808$156,808$225,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$68,192$0
Funding fee$784$784$0
Note rate5.550%5.550%7.400%
Blended rate5.550%6.596%7.640%
1st payment$950.51$950.51$1,557.85
2nd payment$0.00$511.44$0.00
Taxes / mo$208.33$208.33$208.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,308.85$1,820.29$1,961.19
Cash to close$93,192$25,000$25,000