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$207,618$207,618$540,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$332,382$0
Funding fee$1,038$1,038$0
Note rate3.530%3.530%7.400%
Blended rate3.530%6.128%7.640%
1st payment$1,379.79$1,379.79$3,738.85
2nd payment$0.00$2,146.64$0.00
Taxes / mo$394.42$394.42$394.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$104.00$104.00$104.00
Total monthly$2,044.88$4,191.51$4,511.93
Cash to close$392,382$60,000$60,000