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$116,072$116,072$337,410
Remaining term (yrs)16.716.730.0
Secondary amount$0$221,338$0
Funding fee$580$580$0
Note rate3.420%3.420%7.400%
Blended rate3.420%6.260%7.640%
1st payment$756.60$756.60$2,336.16
2nd payment$0.00$1,429.47$0.00
Taxes / mo$45.83$45.83$45.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$190.00$190.00$190.00
Total monthly$1,142.43$2,571.90$2,789.47
Cash to close$258,828$37,490$37,490