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$61,796$61,796$166,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$104,704$0
Funding fee$309$309$0
Note rate3.950%3.950%7.400%
Blended rate3.950%6.497%7.640%
1st payment$363.07$363.07$1,152.81
2nd payment$0.00$698.03$0.00
Taxes / mo$56.50$56.50$56.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$33.30
HOA / mo$0.00$0.00$0.00
Total monthly$569.57$1,267.60$1,392.61
Cash to close$123,204$18,500$18,500