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$97,164$97,164$305,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$207,936$0
Funding fee$486$486$0
Note rate6.690%6.690%7.400%
Blended rate6.690%7.412%7.640%
1st payment$644.61$644.61$2,112.45
2nd payment$0.00$1,342.92$0.00
Taxes / mo$388.91$388.91$388.91
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.02
HOA / mo$50.00$50.00$50.00
Total monthly$1,233.53$2,576.45$2,762.38
Cash to close$241,836$33,900$33,900