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$8,983$8,983$355,500
Remaining term (yrs)0.90.930.0
Secondary amount$0$346,517$0
Funding fee$45$45$0
Note rate8.500%8.500%7.320%
Blended rate8.500%7.769%7.560%
1st payment$783.51$783.51$2,442.04
2nd payment$0.00$2,237.92$0.00
Taxes / mo$133.50$133.50$133.50
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$1,067.01$3,304.93$2,796.64
Cash to close$386,017$39,500$39,500