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$131,136$131,136$404,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$272,964$0
Funding fee$656$656$0
Note rate3.020%3.020%7.400%
Blended rate3.020%6.215%7.640%
1st payment$640.66$640.66$2,797.91
2nd payment$0.00$1,762.89$0.00
Taxes / mo$109.58$109.58$109.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$900.24$2,663.13$3,138.31
Cash to close$317,864$44,900$44,900