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$198,281$198,281$404,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$206,718$0
Funding fee$991$991$0
Note rate3.240%3.240%7.400%
Blended rate3.240%5.542%7.640%
1st payment$995.97$995.97$2,804.13
2nd payment$0.00$1,335.05$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$75.00$75.00$75.00
Total monthly$1,595.97$2,931.03$3,485.13
Cash to close$251,718$45,000$45,000