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$165,971$165,971$324,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$158,029$0
Funding fee$830$830$0
Note rate3.560%3.560%7.320%
Blended rate3.560%5.726%7.560%
1st payment$970.47$970.47$2,225.66
2nd payment$0.00$1,053.53$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$507.00$507.00$507.00
Total monthly$1,927.47$2,981.00$3,247.46
Cash to close$194,029$36,000$36,000