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$144,366$144,366$269,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$125,544$0
Funding fee$722$722$0
Note rate3.420%3.420%7.320%
Blended rate3.420%5.550%7.560%
1st payment$826.55$826.55$1,854.09
2nd payment$0.00$836.96$0.00
Taxes / mo$124.00$124.00$124.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,100.55$1,937.51$2,182.08
Cash to close$155,534$29,990$29,990