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$139,070$139,070$202,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$63,430$0
Funding fee$695$695$0
Note rate3.470%3.470%7.400%
Blended rate3.470%5.202%7.640%
1st payment$718.64$718.64$1,402.07
2nd payment$0.00$475.73$0.00
Taxes / mo$60.33$60.33$60.33
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$928.97$1,404.70$1,652.90
Cash to close$85,930$22,500$22,500