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$96,870$96,870$359,910
Remaining term (yrs)16.316.330.0
Secondary amount$0$263,040$0
Funding fee$484$484$0
Note rate3.420%3.420%7.320%
Blended rate3.420%6.585%7.560%
1st payment$640.87$640.87$2,472.33
2nd payment$0.00$1,698.80$0.00
Taxes / mo$127.58$127.58$127.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$45.00$45.00$45.00
Total monthly$963.46$2,662.26$2,866.90
Cash to close$303,030$39,990$39,990