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$100,254$100,254$301,500
Remaining term (yrs)15.015.030.0
Secondary amount$0$201,246$0
Funding fee$501$501$0
Note rate4.090%4.090%7.320%
Blended rate4.090%6.533%7.560%
1st payment$740.16$740.16$2,071.10
2nd payment$0.00$1,299.71$0.00
Taxes / mo$130.83$130.83$130.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$8.33$8.33$8.33
Total monthly$1,029.32$2,329.03$2,420.56
Cash to close$234,746$33,500$33,500