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$103,625$103,625$360,000
Remaining term (yrs)13.113.130.0
Secondary amount$0$256,375$0
Funding fee$518$518$0
Note rate3.140%3.140%7.320%
Blended rate3.140%6.423%7.560%
1st payment$797.52$797.52$2,472.95
2nd payment$0.00$1,655.76$0.00
Taxes / mo$205.09$205.09$205.09
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$44.00$44.00$44.00
Total monthly$1,196.61$2,852.36$2,944.04
Cash to close$296,375$40,000$40,000