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$86,330$86,330$346,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$260,170$0
Funding fee$432$432$0
Note rate3.540%3.540%7.400%
Blended rate3.540%6.701%7.640%
1st payment$569.97$569.97$2,399.10
2nd payment$0.00$1,680.26$0.00
Taxes / mo$320.83$320.83$320.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$265.00$265.00$265.00
Total monthly$1,305.80$2,986.06$3,204.23
Cash to close$298,670$38,500$38,500