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$81,314$81,314$286,200
Remaining term (yrs)8.58.530.0
Secondary amount$0$204,886$0
Funding fee$407$407$0
Note rate3.060%3.060%7.400%
Blended rate3.060%6.417%7.640%
1st payment$891.11$891.11$1,981.59
2nd payment$0.00$1,323.22$0.00
Taxes / mo$137.75$137.75$137.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.24
HOA / mo$0.00$0.00$0.00
Total monthly$1,178.86$2,502.08$2,326.58
Cash to close$236,686$31,800$31,800