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$215,307$215,307$521,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$305,793$0
Funding fee$1,077$1,077$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.973%7.640%
1st payment$1,243.17$1,243.17$3,607.99
2nd payment$0.00$1,974.91$0.00
Taxes / mo$342.02$342.02$342.02
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.22
HOA / mo$30.42$30.42$30.42
Total monthly$1,782.27$3,757.19$4,251.32
Cash to close$363,693$57,900$57,900