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$103,773$103,773$360,000
Remaining term (yrs)16.516.530.0
Secondary amount$0$256,227$0
Funding fee$519$519$0
Note rate3.440%3.440%7.400%
Blended rate3.440%6.508%7.640%
1st payment$682.47$682.47$2,492.57
2nd payment$0.00$1,654.80$0.00
Taxes / mo$131.75$131.75$131.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$964.22$2,619.01$2,846.32
Cash to close$296,227$40,000$40,000