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$118,300$118,300$472,500
Remaining term (yrs)5.75.730.0
Secondary amount$0$354,200$0
Funding fee$592$592$0
Note rate3.190%3.190%7.400%
Blended rate3.190%6.608%7.640%
1st payment$1,854.35$1,854.35$3,271.49
2nd payment$0.00$2,287.54$0.00
Taxes / mo$232.50$232.50$232.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,253.52$4,541.06$3,765.16
Cash to close$406,700$52,500$52,500