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$221,547$221,547$746,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$524,553$0
Funding fee$1,108$1,108$0
Note rate6.850%6.850%7.320%
Blended rate6.850%7.483%7.560%
1st payment$1,482.37$1,482.37$5,125.19
2nd payment$0.00$3,387.74$0.00
Taxes / mo$690.83$690.83$690.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$149.22
HOA / mo$71.00$71.00$71.00
Total monthly$2,460.87$5,848.61$6,252.91
Cash to close$607,453$82,900$82,900