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$235,039$235,039$617,400
Remaining term (yrs)21.421.430.0
Secondary amount$0$382,361$0
Funding fee$1,175$1,175$0
Note rate4.220%4.220%7.400%
Blended rate4.220%6.406%7.640%
1st payment$1,387.43$1,387.43$4,274.75
2nd payment$0.00$2,469.41$0.00
Taxes / mo$571.67$571.67$571.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,125.76$4,595.18$5,136.57
Cash to close$450,961$68,600$68,600