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$202,070$202,070$364,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$162,430$0
Funding fee$1,010$1,010$0
Note rate3.760%3.760%7.400%
Blended rate3.760%5.649%7.640%
1st payment$1,230.51$1,230.51$2,523.72
2nd payment$0.00$1,082.87$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$10.83$10.83$10.83
Total monthly$1,728.84$2,811.71$3,094.95
Cash to close$202,930$40,500$40,500