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$218,731$218,731$499,320
Remaining term (yrs)29.429.430.0
Secondary amount$0$280,589$0
Funding fee$1,094$1,094$0
Note rate6.250%6.250%7.320%
Blended rate6.250%7.093%7.560%
1st payment$1,354.58$1,354.58$3,429.98
2nd payment$0.00$1,812.14$0.00
Taxes / mo$161.36$161.36$161.36
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.61$3,494.74$3,857.87
Cash to close$336,069$55,480$55,480