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$208,633$208,633$531,000
Remaining term (yrs)16.416.430.0
Secondary amount$0$322,367$0
Funding fee$1,043$1,043$0
Note rate3.630%3.630%7.400%
Blended rate3.630%6.131%7.640%
1st payment$1,396.97$1,396.97$3,676.54
2nd payment$0.00$2,081.95$0.00
Taxes / mo$394.42$394.42$394.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$104.00$104.00$104.00
Total monthly$2,062.05$4,144.01$4,447.82
Cash to close$381,367$59,000$59,000