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$200,384$200,384$521,100
Remaining term (yrs)15.415.430.0
Secondary amount$0$320,716$0
Funding fee$1,002$1,002$0
Note rate3.870%3.870%7.400%
Blended rate3.870%6.258%7.640%
1st payment$1,428.65$1,428.65$3,607.99
2nd payment$0.00$2,071.29$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$104.22
HOA / mo$115.00$115.00$115.00
Total monthly$2,193.65$4,264.94$4,477.21
Cash to close$378,616$57,900$57,900