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$94,611$94,611$306,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$211,389$0
Funding fee$473$473$0
Note rate3.400%3.400%7.400%
Blended rate3.400%6.405%7.640%
1st payment$622.65$622.65$2,118.68
2nd payment$0.00$1,365.22$0.00
Taxes / mo$216.75$216.75$216.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$989.40$2,354.62$2,546.63
Cash to close$245,389$34,000$34,000