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$136,416$136,416$378,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$241,584$0
Funding fee$682$682$0
Note rate3.420%3.420%7.400%
Blended rate3.420%6.187%7.640%
1st payment$781.04$781.04$2,617.20
2nd payment$0.00$1,560.23$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,281.04$2,841.27$3,192.80
Cash to close$283,584$42,000$42,000