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$118,093$118,093$324,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$205,907$0
Funding fee$590$590$0
Note rate3.400%3.400%7.320%
Blended rate3.400%6.164%7.560%
1st payment$608.68$608.68$2,225.66
2nd payment$0.00$1,329.81$0.00
Taxes / mo$175.25$175.25$175.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$933.93$2,263.74$2,615.71
Cash to close$241,907$36,000$36,000