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$214,063$214,063$436,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$222,437$0
Funding fee$1,070$1,070$0
Note rate3.620%3.620%7.400%
Blended rate3.620%5.725%7.640%
1st payment$1,125.75$1,125.75$3,022.24
2nd payment$0.00$1,436.57$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$150.00$150.00$150.00
Total monthly$1,729.92$3,166.49$3,713.70
Cash to close$270,937$48,500$48,500