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$119,997$119,997$474,300
Remaining term (yrs)24.424.430.0
Secondary amount$0$354,303$0
Funding fee$600$600$0
Note rate2.650%2.650%7.400%
Blended rate2.650%6.460%7.640%
1st payment$555.32$555.32$3,283.96
2nd payment$0.00$2,288.21$0.00
Taxes / mo$325.17$325.17$325.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.86
HOA / mo$42.00$42.00$42.00
Total monthly$1,089.15$3,377.36$3,912.65
Cash to close$407,003$52,700$52,700