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$105,798$105,798$202,500
Remaining term (yrs)17.917.930.0
Secondary amount$0$96,702$0
Funding fee$529$529$0
Note rate4.100%4.100%7.400%
Blended rate4.100%6.440%7.640%
1st payment$691.22$691.22$1,402.07
2nd payment$0.00$725.26$0.00
Taxes / mo$187.50$187.50$187.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$40.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,028.72$1,753.98$1,780.07
Cash to close$119,202$22,500$22,500