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$197,173$197,173$620,991
Remaining term (yrs)16.016.030.0
Secondary amount$0$423,818$0
Funding fee$986$986$0
Note rate3.500%3.500%7.400%
Blended rate3.500%6.401%7.640%
1st payment$1,332.32$1,332.32$4,299.62
2nd payment$0.00$2,737.16$0.00
Taxes / mo$574.99$574.99$574.99
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,073.97$4,811.13$5,165.47
Cash to close$492,817$68,999$68,999