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$83,245$83,245$162,000
Remaining term (yrs)12.412.430.0
Secondary amount$0$78,755$0
Funding fee$416$416$0
Note rate5.050%5.050%7.320%
Blended rate5.050%6.970%7.560%
1st payment$746.00$746.00$1,112.83
2nd payment$0.00$590.67$0.00
Taxes / mo$166.00$166.00$166.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$32.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,062.00$1,652.66$1,461.23
Cash to close$96,755$18,000$18,000