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$109,017$109,017$243,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$133,983$0
Funding fee$545$545$0
Note rate3.540%3.540%7.320%
Blended rate3.540%5.999%7.560%
1st payment$636.32$636.32$1,669.24
2nd payment$0.00$893.22$0.00
Taxes / mo$55.33$55.33$55.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$841.66$1,734.88$1,923.17
Cash to close$160,983$27,000$27,000