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$48,348$48,348$117,000
Remaining term (yrs)11.511.530.0
Secondary amount$0$68,652$0
Funding fee$242$242$0
Note rate6.010%6.010%7.400%
Blended rate6.010%7.764%7.640%
1st payment$481.28$481.28$810.08
2nd payment$0.00$514.89$0.00
Taxes / mo$108.33$108.33$108.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$23.40
HOA / mo$169.00$169.00$169.00
Total monthly$908.61$1,423.50$1,260.82
Cash to close$81,652$13,000$13,000