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$75,337$75,337$342,000
Remaining term (yrs)8.48.430.0
Secondary amount$0$266,663$0
Funding fee$377$377$0
Note rate5.850%5.850%7.400%
Blended rate5.850%7.331%7.640%
1st payment$932.11$932.11$2,367.94
2nd payment$0.00$1,722.20$0.00
Taxes / mo$194.00$194.00$194.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,276.11$2,998.31$2,780.34
Cash to close$304,663$38,000$38,000