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$120,047$120,047$378,000
Remaining term (yrs)18.718.730.0
Secondary amount$0$257,953$0
Funding fee$600$600$0
Note rate3.870%3.870%7.400%
Blended rate3.870%6.518%7.640%
1st payment$748.89$748.89$2,617.20
2nd payment$0.00$1,665.95$0.00
Taxes / mo$179.67$179.67$179.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,078.55$2,744.50$3,022.46
Cash to close$299,953$42,000$42,000