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$101,095$101,095$269,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$168,815$0
Funding fee$505$505$0
Note rate3.710%3.710%7.400%
Blended rate3.710%6.393%7.640%
1st payment$604.11$604.11$1,868.80
2nd payment$0.00$1,125.44$0.00
Taxes / mo$77.92$77.92$77.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$832.03$1,957.47$2,150.70
Cash to close$198,805$29,990$29,990