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$214,438$214,438$396,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$181,562$0
Funding fee$1,072$1,072$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.292%7.640%
1st payment$1,047.90$1,047.90$2,741.82
2nd payment$0.00$1,210.41$0.00
Taxes / mo$329.05$329.05$329.05
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,526.95$2,737.36$3,300.07
Cash to close$225,562$44,000$44,000