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$114,419$114,419$288,000
Remaining term (yrs)18.418.430.0
Secondary amount$0$173,581$0
Funding fee$572$572$0
Note rate3.590%3.590%7.400%
Blended rate3.590%6.248%7.640%
1st payment$706.10$706.10$1,994.05
2nd payment$0.00$1,157.21$0.00
Taxes / mo$100.75$100.75$100.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$956.85$2,114.06$2,302.40
Cash to close$205,581$32,000$32,000