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$194,016$194,016$360,000
Remaining term (yrs)21.321.330.0
Secondary amount$0$165,984$0
Funding fee$970$970$0
Note rate3.950%3.950%7.400%
Blended rate3.950%5.817%7.640%
1st payment$1,119.91$1,119.91$2,492.57
2nd payment$0.00$1,106.56$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.24$2,709.80$3,047.90
Cash to close$205,984$40,000$40,000