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$103,326$103,326$301,500
Remaining term (yrs)16.316.330.0
Secondary amount$0$198,174$0
Funding fee$517$517$0
Note rate2.500%2.500%7.400%
Blended rate2.500%6.115%7.640%
1st payment$640.01$640.01$2,087.53
2nd payment$0.00$1,321.16$0.00
Taxes / mo$224.75$224.75$224.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,014.76$2,335.92$2,522.58
Cash to close$231,674$33,500$33,500