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$70,133$70,133$294,300
Remaining term (yrs)13.113.130.0
Secondary amount$0$224,167$0
Funding fee$351$351$0
Note rate3.500%3.500%7.320%
Blended rate3.500%6.737%7.560%
1st payment$551.88$551.88$2,021.64
2nd payment$0.00$1,447.74$0.00
Taxes / mo$678.42$678.42$678.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.86
HOA / mo$14.58$14.58$14.58
Total monthly$1,394.87$2,842.62$2,923.49
Cash to close$256,867$32,700$32,700