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$64,706$64,706$350,100
Remaining term (yrs)5.95.930.0
Secondary amount$0$285,394$0
Funding fee$324$324$0
Note rate3.240%3.240%7.400%
Blended rate3.240%6.916%7.640%
1st payment$990.08$990.08$2,424.02
2nd payment$0.00$1,843.17$0.00
Taxes / mo$476.27$476.27$476.27
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$475.00$475.00$475.00
Total monthly$2,091.34$3,934.52$3,595.31
Cash to close$324,294$38,900$38,900