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$63,085$63,085$292,410
Remaining term (yrs)8.48.430.0
Secondary amount$0$229,325$0
Funding fee$315$315$0
Note rate5.370%5.370%7.400%
Blended rate5.370%7.237%7.640%
1st payment$765.78$765.78$2,024.59
2nd payment$0.00$1,481.06$0.00
Taxes / mo$190.17$190.17$190.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,105.94$2,587.00$2,423.24
Cash to close$261,815$32,490$32,490