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$115,769$115,769$301,500
Remaining term (yrs)15.915.930.0
Secondary amount$0$185,731$0
Funding fee$579$579$0
Note rate3.710%3.710%7.400%
Blended rate3.710%6.353%7.640%
1st payment$797.39$797.39$2,087.53
2nd payment$0.00$1,238.21$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$478.00$478.00$478.00
Total monthly$1,704.56$2,942.76$3,054.99
Cash to close$219,231$33,500$33,500