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$145,977$145,977$481,500
Remaining term (yrs)18.718.730.0
Secondary amount$0$335,523$0
Funding fee$730$730$0
Note rate3.840%3.840%7.320%
Blended rate3.840%6.565%7.560%
1st payment$908.38$908.38$3,307.57
2nd payment$0.00$2,166.92$0.00
Taxes / mo$277.50$277.50$277.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$50.00$50.00$50.00
Total monthly$1,402.55$3,569.46$3,898.04
Cash to close$389,023$53,500$53,500