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$216,220$216,220$450,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$233,780$0
Funding fee$1,081$1,081$0
Note rate3.820%3.820%7.400%
Blended rate3.820%5.862%7.640%
1st payment$1,331.23$1,331.23$3,115.71
2nd payment$0.00$1,509.83$0.00
Taxes / mo$346.08$346.08$346.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,843.98$3,353.81$3,718.46
Cash to close$283,780$50,000$50,000