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$212,315$212,315$413,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$201,595$0
Funding fee$1,062$1,062$0
Note rate3.600%3.600%7.320%
Blended rate3.600%5.621%7.560%
1st payment$1,249.42$1,249.42$2,843.27
2nd payment$0.00$1,301.97$0.00
Taxes / mo$383.25$383.25$383.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$269.00$269.00$269.00
Total monthly$2,068.33$3,370.30$3,744.97
Cash to close$247,585$45,990$45,990