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$113,058$113,058$360,000
Remaining term (yrs)13.113.130.0
Secondary amount$0$246,942$0
Funding fee$565$565$0
Note rate4.370%4.370%7.320%
Blended rate4.370%6.689%7.560%
1st payment$937.93$937.93$2,472.95
2nd payment$0.00$1,594.83$0.00
Taxes / mo$188.08$188.08$188.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$6.50$6.50$6.50
Total monthly$1,282.52$2,877.35$2,889.53
Cash to close$286,942$40,000$40,000