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$222,124$222,124$427,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$205,376$0
Funding fee$1,111$1,111$0
Note rate3.230%3.230%7.400%
Blended rate3.230%5.401%7.640%
1st payment$1,114.58$1,114.58$2,959.92
2nd payment$0.00$1,326.39$0.00
Taxes / mo$50.58$50.58$50.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$11.67$11.67$11.67
Total monthly$1,343.50$2,669.88$3,274.34
Cash to close$252,876$47,500$47,500