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$62,878$62,878$225,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$162,122$0
Funding fee$314$314$0
Note rate3.500%3.500%7.400%
Blended rate3.500%6.742%7.640%
1st payment$434.97$434.97$1,557.85
2nd payment$0.00$1,080.81$0.00
Taxes / mo$176.92$176.92$176.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$331.00$331.00$331.00
Total monthly$1,092.89$2,173.70$2,260.77
Cash to close$187,122$25,000$25,000