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$130,375$130,375$297,000
Remaining term (yrs)19.619.630.0
Secondary amount$0$166,625$0
Funding fee$652$652$0
Note rate3.040%3.040%7.400%
Blended rate3.040%5.823%7.640%
1st payment$732.35$732.35$2,056.37
2nd payment$0.00$1,110.83$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$32.50$32.50$32.50
Total monthly$1,189.85$2,300.68$2,573.27
Cash to close$199,625$33,000$33,000