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$119,664$119,664$420,300
Remaining term (yrs)16.416.430.0
Secondary amount$0$300,636$0
Funding fee$598$598$0
Note rate3.510%3.510%7.400%
Blended rate3.510%6.543%7.640%
1st payment$794.08$794.08$2,910.07
2nd payment$0.00$1,941.60$0.00
Taxes / mo$228.42$228.42$228.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.06
HOA / mo$44.17$44.17$44.17
Total monthly$1,233.33$3,174.93$3,433.39
Cash to close$347,336$46,700$46,700