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$142,813$142,813$270,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$127,187$0
Funding fee$714$714$0
Note rate3.500%3.500%7.400%
Blended rate3.500%5.620%7.640%
1st payment$965.00$965.00$1,869.43
2nd payment$0.00$847.92$0.00
Taxes / mo$614.42$614.42$614.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,729.41$2,577.33$2,687.84
Cash to close$157,187$30,000$30,000