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$213,828$213,828$400,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$186,582$0
Funding fee$1,069$1,069$0
Note rate3.010%3.010%7.320%
Blended rate3.010%5.335%7.560%
1st payment$1,043.54$1,043.54$2,750.54
2nd payment$0.00$1,243.88$0.00
Taxes / mo$370.75$370.75$370.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,564.29$2,808.17$3,351.37
Cash to close$231,072$44,490$44,490