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$115,381$115,381$315,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$199,619$0
Funding fee$577$577$0
Note rate2.800%2.800%7.320%
Blended rate2.800%6.095%7.560%
1st payment$546.67$546.67$2,163.83
2nd payment$0.00$1,330.80$0.00
Taxes / mo$271.75$271.75$271.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$19.92$19.92$19.92
Total monthly$988.34$2,319.14$2,668.50
Cash to close$234,619$35,000$35,000