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$214,955$214,955$472,500
Remaining term (yrs)18.018.030.0
Secondary amount$0$257,545$0
Funding fee$1,075$1,075$0
Note rate4.160%4.160%7.400%
Blended rate4.160%6.117%7.640%
1st payment$1,406.74$1,406.74$3,271.49
2nd payment$0.00$1,663.31$0.00
Taxes / mo$271.08$271.08$271.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$105.00$105.00$105.00
Total monthly$1,949.49$3,612.80$3,908.74
Cash to close$310,045$52,500$52,500