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$226,096$226,096$400,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$174,404$0
Funding fee$1,130$1,130$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.064%7.640%
1st payment$1,231.41$1,231.41$2,772.98
2nd payment$0.00$1,162.70$0.00
Taxes / mo$0.33$0.33$0.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$66.00$66.00$66.00
Total monthly$1,447.74$2,610.43$3,069.41
Cash to close$218,904$44,500$44,500