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$70,584$70,584$221,310
Remaining term (yrs)16.116.130.0
Secondary amount$0$150,726$0
Funding fee$353$353$0
Note rate3.390%3.390%7.400%
Blended rate3.390%6.530%7.640%
1st payment$471.27$471.27$1,532.31
2nd payment$0.00$1,004.84$0.00
Taxes / mo$387.25$387.25$387.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$44.26
HOA / mo$0.00$0.00$0.00
Total monthly$1,008.52$2,013.37$2,113.82
Cash to close$175,316$24,590$24,590