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$125,162$125,162$319,500
Remaining term (yrs)20.620.630.0
Secondary amount$0$194,338$0
Funding fee$626$626$0
Note rate3.970%3.970%7.400%
Blended rate3.970%6.421%7.640%
1st payment$738.59$738.59$2,212.15
2nd payment$0.00$1,295.59$0.00
Taxes / mo$222.75$222.75$222.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$9.33$9.33$9.33
Total monthly$1,120.67$2,416.26$2,658.13
Cash to close$229,838$35,500$35,500