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$200,606$200,606$405,000
Remaining term (yrs)18.718.730.0
Secondary amount$0$204,394$0
Funding fee$1,003$1,003$0
Note rate3.890%3.890%7.400%
Blended rate3.890%5.838%7.640%
1st payment$1,253.51$1,253.51$2,804.14
2nd payment$0.00$1,320.04$0.00
Taxes / mo$478.67$478.67$478.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$448.67$448.67$448.67
Total monthly$2,330.85$3,650.89$3,962.47
Cash to close$249,394$45,000$45,000