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$80,052$80,052$326,250
Remaining term (yrs)16.116.130.0
Secondary amount$0$246,198$0
Funding fee$400$400$0
Note rate3.500%3.500%7.400%
Blended rate3.500%6.707%7.640%
1st payment$538.85$538.85$2,258.89
2nd payment$0.00$1,590.03$0.00
Taxes / mo$255.58$255.58$255.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.25
HOA / mo$0.00$0.00$0.00
Total monthly$944.44$2,534.47$2,729.72
Cash to close$282,448$36,250$36,250