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$212,237$212,237$377,999
Remaining term (yrs)22.922.930.0
Secondary amount$0$165,762$0
Funding fee$1,061$1,061$0
Note rate3.750%3.750%7.400%
Blended rate3.750%5.614%7.640%
1st payment$1,148.81$1,148.81$2,617.19
2nd payment$0.00$1,105.08$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$33.33$33.33$33.33
Total monthly$1,682.14$2,787.22$3,226.12
Cash to close$207,762$42,000$42,000