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$153,934$153,934$306,000
Remaining term (yrs)13.013.030.0
Secondary amount$0$152,066$0
Funding fee$770$770$0
Note rate5.000%5.000%7.400%
Blended rate5.000%6.491%7.640%
1st payment$1,331.85$1,331.85$2,118.68
2nd payment$0.00$1,013.77$0.00
Taxes / mo$283.33$283.33$283.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$78.00$78.00$78.00
Total monthly$1,843.19$2,856.96$2,691.22
Cash to close$186,066$34,000$34,000