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$215,800$215,800$486,000
Remaining term (yrs)19.019.030.0
Secondary amount$0$270,200$0
Funding fee$1,079$1,079$0
Note rate3.890%3.890%7.400%
Blended rate3.890%6.036%7.640%
1st payment$1,332.55$1,332.55$3,364.97
2nd payment$0.00$1,745.04$0.00
Taxes / mo$281.50$281.50$281.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.20
HOA / mo$543.00$543.00$543.00
Total monthly$2,323.72$4,068.76$4,453.33
Cash to close$324,200$54,000$54,000