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$98,283$98,283$404,100
Remaining term (yrs)8.18.130.0
Secondary amount$0$305,817$0
Funding fee$491$491$0
Note rate5.720%5.720%7.400%
Blended rate5.720%7.256%7.640%
1st payment$1,247.68$1,247.68$2,797.91
2nd payment$0.00$1,975.07$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$617.00$617.00$617.00
Total monthly$2,388.85$4,363.91$4,019.89
Cash to close$350,717$44,900$44,900