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$216,920$216,920$503,910
Remaining term (yrs)18.718.730.0
Secondary amount$0$286,990$0
Funding fee$1,085$1,085$0
Note rate3.840%3.840%7.320%
Blended rate3.840%6.067%7.560%
1st payment$1,349.84$1,349.84$3,461.51
2nd payment$0.00$1,853.48$0.00
Taxes / mo$360.48$360.48$360.48
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.78
HOA / mo$7.08$7.08$7.08
Total monthly$1,884.07$3,737.54$4,096.52
Cash to close$342,980$55,990$55,990