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$12,093$12,093$355,500
Remaining term (yrs)1.41.430.0
Secondary amount$0$343,407$0
Funding fee$60$60$0
Note rate6.940%6.940%7.400%
Blended rate6.940%7.722%7.640%
1st payment$709.35$709.35$2,461.41
2nd payment$0.00$2,217.84$0.00
Taxes / mo$163.00$163.00$163.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,022.35$3,240.18$2,845.51
Cash to close$382,907$39,500$39,500