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$224,663$224,663$432,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$207,337$0
Funding fee$1,123$1,123$0
Note rate2.970%2.970%7.400%
Blended rate2.970%5.264%7.640%
1st payment$1,261.98$1,261.98$2,991.08
2nd payment$0.00$1,339.05$0.00
Taxes / mo$300.33$300.33$300.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$33.33$33.33$33.33
Total monthly$1,762.31$3,101.36$3,577.81
Cash to close$255,337$48,000$48,000