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$96,313$96,313$342,000
Remaining term (yrs)21.621.630.0
Secondary amount$0$245,687$0
Funding fee$482$482$0
Note rate5.870%5.870%7.400%
Blended rate5.870%7.221%7.640%
1st payment$654.18$654.18$2,367.94
2nd payment$0.00$1,586.73$0.00
Taxes / mo$488.17$488.17$488.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$37.50$37.50$37.50
Total monthly$1,329.85$2,916.58$3,112.01
Cash to close$283,687$38,000$38,000