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$231,052$231,052$562,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$331,448$0
Funding fee$1,155$1,155$0
Note rate3.640%3.640%7.400%
Blended rate3.640%6.062%7.640%
1st payment$1,364.45$1,364.45$3,894.64
2nd payment$0.00$2,140.60$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,051.95$4,192.55$4,694.64
Cash to close$393,948$62,500$62,500