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$109,901$109,901$337,500
Remaining term (yrs)8.48.430.0
Secondary amount$0$227,599$0
Funding fee$550$550$0
Note rate3.500%3.500%7.320%
Blended rate3.500%6.366%7.560%
1st payment$1,236.83$1,236.83$2,318.39
2nd payment$0.00$1,469.91$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,587.25$3,057.16$2,736.31
Cash to close$265,099$37,500$37,500