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$206,040$206,040$306,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$99,960$0
Funding fee$1,030$1,030$0
Note rate3.720%3.720%7.400%
Blended rate3.720%5.445%7.640%
1st payment$1,099.46$1,099.46$2,118.68
2nd payment$0.00$749.70$0.00
Taxes / mo$210.67$210.67$210.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,460.13$2,209.82$2,540.55
Cash to close$133,960$34,000$34,000