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$224,397$224,397$674,955
Remaining term (yrs)24.924.930.0
Secondary amount$0$450,558$0
Funding fee$1,122$1,122$0
Note rate6.130%6.130%7.400%
Blended rate6.130%7.211%7.640%
1st payment$1,461.62$1,461.62$4,673.25
2nd payment$0.00$2,909.86$0.00
Taxes / mo$624.96$624.96$624.96
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.99
HOA / mo$60.00$60.00$60.00
Total monthly$2,363.24$5,273.10$5,709.87
Cash to close$525,553$74,995$74,995