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$40,057$40,057$337,410
Remaining term (yrs)6.46.430.0
Secondary amount$0$297,353$0
Funding fee$200$200$0
Note rate3.400%3.400%7.400%
Blended rate3.400%7.234%7.640%
1st payment$573.11$573.11$2,336.16
2nd payment$0.00$1,920.41$0.00
Taxes / mo$103.17$103.17$103.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$826.28$2,746.68$2,656.81
Cash to close$334,843$37,490$37,490