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$78,410$78,410$283,500
Remaining term (yrs)16.916.930.0
Secondary amount$0$205,090$0
Funding fee$392$392$0
Note rate4.570%4.570%7.400%
Blended rate4.570%6.870%7.640%
1st payment$551.72$551.72$1,962.90
2nd payment$0.00$1,324.54$0.00
Taxes / mo$2.25$2.25$2.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$703.97$2,028.51$2,171.85
Cash to close$236,590$31,500$31,500