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$62,899$62,899$404,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$341,201$0
Funding fee$314$314$0
Note rate2.890%2.890%7.400%
Blended rate2.890%6.994%7.640%
1st payment$301.63$301.63$2,797.91
2nd payment$0.00$2,203.59$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$825.80$3,029.39$3,402.89
Cash to close$386,101$44,900$44,900