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$162,536$162,536$504,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$341,464$0
Funding fee$813$813$0
Note rate3.900%3.900%7.320%
Blended rate3.900%6.508%7.560%
1st payment$943.34$943.34$3,462.13
2nd payment$0.00$2,205.29$0.00
Taxes / mo$291.00$291.00$291.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,401.00$3,606.29$4,020.60
Cash to close$397,464$56,000$56,000