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$123,718$123,718$400,500
Remaining term (yrs)15.915.930.0
Secondary amount$0$276,782$0
Funding fee$619$619$0
Note rate3.710%3.710%7.320%
Blended rate3.710%6.502%7.560%
1st payment$852.14$852.14$2,751.16
2nd payment$0.00$1,787.55$0.00
Taxes / mo$403.92$403.92$403.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$25.00$25.00$25.00
Total monthly$1,431.06$3,218.61$3,410.17
Cash to close$321,282$44,500$44,500