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$212,224$212,224$539,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$327,686$0
Funding fee$1,061$1,061$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.384%7.640%
1st payment$1,422.93$1,422.93$3,738.23
2nd payment$0.00$2,116.31$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.52$4,205.82$4,512.79
Cash to close$387,676$59,990$59,990