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$122,195$122,195$427,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$305,305$0
Funding fee$611$611$0
Note rate3.130%3.130%7.400%
Blended rate3.130%6.429%7.640%
1st payment$603.95$603.95$2,959.92
2nd payment$0.00$1,971.76$0.00
Taxes / mo$281.17$281.17$281.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,051.78$3,023.54$3,493.26
Cash to close$352,805$47,500$47,500