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$98,314$98,314$264,600
Remaining term (yrs)16.516.530.0
Secondary amount$0$166,286$0
Funding fee$492$492$0
Note rate3.520%3.520%7.320%
Blended rate3.520%6.335%7.560%
1st payment$650.48$650.48$1,817.62
2nd payment$0.00$1,108.57$0.00
Taxes / mo$136.50$136.50$136.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.92
HOA / mo$0.00$0.00$0.00
Total monthly$936.98$2,045.56$2,157.04
Cash to close$195,686$29,400$29,400