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$42,479$42,479$296,910
Remaining term (yrs)16.816.830.0
Secondary amount$0$254,431$0
Funding fee$212$212$0
Note rate4.070%4.070%7.400%
Blended rate4.070%7.223%7.640%
1st payment$289.84$289.84$2,055.74
2nd payment$0.00$1,643.20$0.00
Taxes / mo$127.92$127.92$127.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$567.76$2,210.95$2,393.04
Cash to close$287,421$32,990$32,990