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$106,350$106,350$296,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$190,560$0
Funding fee$532$532$0
Note rate3.710%3.710%7.320%
Blended rate3.710%6.463%7.560%
1st payment$635.52$635.52$2,039.57
2nd payment$0.00$1,270.40$0.00
Taxes / mo$208.25$208.25$208.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$993.77$2,264.17$2,457.20
Cash to close$223,550$32,990$32,990