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$41,538$41,538$382,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$340,962$0
Funding fee$208$208$0
Note rate6.940%6.940%7.400%
Blended rate6.940%7.662%7.640%
1st payment$281.21$281.21$2,648.35
2nd payment$0.00$2,202.04$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$250.00$250.00$250.00
Total monthly$834.54$3,036.59$3,278.19
Cash to close$383,462$42,500$42,500