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$217,904$217,904$524,700
Remaining term (yrs)23.323.330.0
Secondary amount$0$306,796$0
Funding fee$1,090$1,090$0
Note rate3.720%3.720%7.400%
Blended rate3.720%6.076%7.640%
1st payment$1,162.77$1,162.77$3,632.92
2nd payment$0.00$1,981.39$0.00
Taxes / mo$248.25$248.25$248.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.94
HOA / mo$0.00$0.00$0.00
Total monthly$1,577.68$3,559.07$4,152.77
Cash to close$365,096$58,300$58,300