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$131,285$131,285$296,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$165,625$0
Funding fee$656$656$0
Note rate3.250%3.250%7.320%
Blended rate3.250%5.900%7.560%
1st payment$744.64$744.64$2,039.57
2nd payment$0.00$1,104.17$0.00
Taxes / mo$301.75$301.75$301.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$1.58$1.58$1.58
Total monthly$1,197.97$2,302.14$2,552.28
Cash to close$198,615$32,990$32,990