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$109,045$109,045$301,500
Remaining term (yrs)16.716.730.0
Secondary amount$0$192,455$0
Funding fee$545$545$0
Note rate3.510%3.510%7.320%
Blended rate3.510%6.376%7.560%
1st payment$715.68$715.68$2,071.10
2nd payment$0.00$1,283.04$0.00
Taxes / mo$277.67$277.67$277.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$18.67$18.67$18.67
Total monthly$1,162.02$2,445.06$2,577.73
Cash to close$225,955$33,500$33,500