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$67,517$67,517$112,050
Remaining term (yrs)22.822.830.0
Secondary amount$0$44,533$0
Funding fee$338$338$0
Note rate3.800%3.800%7.400%
Blended rate3.800%5.867%7.640%
1st payment$368.11$368.11$775.81
2nd payment$0.00$334.00$0.00
Taxes / mo$6.75$6.75$6.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$22.41
HOA / mo$0.00$0.00$0.00
Total monthly$524.86$858.85$954.97
Cash to close$56,983$12,450$12,450