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$117,118$117,118$346,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$229,382$0
Funding fee$586$586$0
Note rate3.460%3.460%7.400%
Blended rate3.460%6.300%7.640%
1st payment$672.95$672.95$2,399.10
2nd payment$0.00$1,481.42$0.00
Taxes / mo$163.92$163.92$163.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$0.00$0.00$0.00
Total monthly$986.87$2,468.29$2,782.31
Cash to close$267,882$38,500$38,500