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$86,025$86,025$414,000
Remaining term (yrs)8.18.130.0
Secondary amount$0$327,975$0
Funding fee$430$430$0
Note rate5.000%5.000%7.320%
Blended rate5.000%7.179%7.560%
1st payment$1,062.23$1,062.23$2,843.89
2nd payment$0.00$2,118.17$0.00
Taxes / mo$265.08$265.08$265.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$150.00$150.00$150.00
Total monthly$1,643.98$3,762.15$3,508.44
Cash to close$373,975$46,000$46,000