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$157,737$157,737$202,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$44,763$0
Funding fee$789$789$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.404%7.640%
1st payment$746.42$746.42$1,402.07
2nd payment$0.00$335.72$0.00
Taxes / mo$127.58$127.58$127.58
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$1,024.01$1,359.73$1,720.15
Cash to close$67,263$22,500$22,500