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$227,086$227,086$562,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$335,414$0
Funding fee$1,135$1,135$0
Note rate3.800%3.800%7.400%
Blended rate3.800%6.155%7.640%
1st payment$1,235.27$1,235.27$3,894.64
2nd payment$0.00$2,166.21$0.00
Taxes / mo$344.83$344.83$344.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,746.77$3,912.99$4,518.64
Cash to close$397,914$62,500$62,500