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$109,348$109,348$301,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$192,152$0
Funding fee$547$547$0
Note rate6.110%6.110%7.400%
Blended rate6.110%7.315%7.640%
1st payment$667.30$667.30$2,087.53
2nd payment$0.00$1,281.01$0.00
Taxes / mo$167.08$167.08$167.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$438.00$438.00$438.00
Total monthly$1,422.39$2,703.40$2,902.91
Cash to close$225,652$33,500$33,500