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$212,840$212,840$400,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$187,660$0
Funding fee$1,064$1,064$0
Note rate3.490%3.490%7.320%
Blended rate3.490%5.603%7.560%
1st payment$1,120.05$1,120.05$2,751.16
2nd payment$0.00$1,251.07$0.00
Taxes / mo$375.58$375.58$375.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,645.63$2,896.70$3,356.84
Cash to close$232,160$44,500$44,500