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$70,842$70,842$328,500
Remaining term (yrs)7.57.530.0
Secondary amount$0$257,658$0
Funding fee$354$354$0
Note rate5.640%5.640%7.320%
Blended rate5.640%7.295%7.560%
1st payment$950.24$950.24$2,256.57
2nd payment$0.00$1,664.04$0.00
Taxes / mo$304.17$304.17$304.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$314.00$314.00$314.00
Total monthly$1,718.41$3,382.45$3,090.43
Cash to close$294,158$36,500$36,500