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$56,342$56,342$337,500
Remaining term (yrs)12.612.630.0
Secondary amount$0$281,158$0
Funding fee$282$282$0
Note rate4.870%4.870%7.320%
Blended rate4.870%7.269%7.560%
1st payment$495.05$495.05$2,318.39
2nd payment$0.00$1,815.81$0.00
Taxes / mo$196.17$196.17$196.17
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$841.22$2,657.03$2,732.06
Cash to close$318,658$37,500$37,500