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$130,643$130,643$531,000
Remaining term (yrs)16.316.330.0
Secondary amount$0$400,357$0
Funding fee$653$653$0
Note rate3.320%3.320%7.400%
Blended rate3.320%6.660%7.640%
1st payment$861.11$861.11$3,676.54
2nd payment$0.00$2,585.64$0.00
Taxes / mo$300.95$300.95$300.95
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,328.73$3,914.37$4,250.35
Cash to close$459,357$59,000$59,000