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$217,676$217,676$405,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$187,324$0
Funding fee$1,088$1,088$0
Note rate3.580%3.580%7.400%
Blended rate3.580%5.624%7.640%
1st payment$1,286.17$1,286.17$2,804.14
2nd payment$0.00$1,248.83$0.00
Taxes / mo$158.11$158.11$158.11
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,594.28$2,843.11$3,193.25
Cash to close$232,324$45,000$45,000