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$216,679$216,679$584,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$368,231$0
Funding fee$1,083$1,083$0
Note rate3.410%3.410%7.400%
Blended rate3.410%6.142%7.640%
1st payment$1,432.43$1,432.43$4,049.80
2nd payment$0.00$2,378.16$0.00
Taxes / mo$343.33$343.33$343.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$72.00$72.00$72.00
Total monthly$2,014.43$4,392.59$4,748.78
Cash to close$433,221$64,990$64,990