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$217,505$217,505$539,955
Remaining term (yrs)20.120.130.0
Secondary amount$0$322,450$0
Funding fee$1,088$1,088$0
Note rate3.460%3.460%7.400%
Blended rate3.460%6.022%7.640%
1st payment$1,246.21$1,246.21$3,738.54
2nd payment$0.00$2,082.49$0.00
Taxes / mo$257.83$257.83$257.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.99
HOA / mo$0.00$0.00$0.00
Total monthly$1,670.71$3,753.20$4,271.03
Cash to close$382,445$59,995$59,995