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$211,512$211,512$423,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$211,488$0
Funding fee$1,058$1,058$0
Note rate3.620%3.620%7.320%
Blended rate3.620%5.685%7.560%
1st payment$1,125.03$1,125.03$2,905.72
2nd payment$0.00$1,365.86$0.00
Taxes / mo$109.75$109.75$109.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$65.00$65.00$65.00
Total monthly$1,466.44$2,832.30$3,331.73
Cash to close$258,488$47,000$47,000