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$94,298$94,298$193,500
Remaining term (yrs)18.118.130.0
Secondary amount$0$99,202$0
Funding fee$471$471$0
Note rate4.120%4.120%7.320%
Blended rate4.120%6.622%7.560%
1st payment$613.27$613.27$1,329.21
2nd payment$0.00$744.01$0.00
Taxes / mo$485.83$485.83$485.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$38.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,249.10$1,993.11$2,003.74
Cash to close$120,702$21,500$21,500