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$243,141$243,141$405,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$161,859$0
Funding fee$1,216$1,216$0
Note rate4.200%4.200%7.320%
Blended rate4.200%5.719%7.560%
1st payment$1,464.61$1,464.61$2,782.07
2nd payment$0.00$1,079.06$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$195.00$195.00$195.00
Total monthly$2,184.61$3,263.67$3,583.07
Cash to close$206,859$45,000$45,000