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$146,932$146,932$486,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$339,068$0
Funding fee$735$735$0
Note rate6.770%6.770%7.400%
Blended rate6.770%7.454%7.640%
1st payment$981.39$981.39$3,364.97
2nd payment$0.00$2,189.81$0.00
Taxes / mo$299.42$299.42$299.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.47$3,637.29$3,928.25
Cash to close$393,068$54,000$54,000