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$87,488$87,488$324,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$236,512$0
Funding fee$437$437$0
Note rate3.560%3.560%7.400%
Blended rate3.560%6.619%7.640%
1st payment$508.64$508.64$2,243.31
2nd payment$0.00$1,527.47$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$0.00$0.00$0.00
Total monthly$958.64$2,486.12$2,758.11
Cash to close$272,512$36,000$36,000