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$232,175$232,175$476,100
Remaining term (yrs)20.920.930.0
Secondary amount$0$243,925$0
Funding fee$1,161$1,161$0
Note rate3.870%3.870%7.320%
Blended rate3.870%5.858%7.560%
1st payment$1,343.83$1,343.83$3,270.48
2nd payment$0.00$1,575.35$0.00
Taxes / mo$309.92$309.92$309.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,820.41$3,395.76$3,842.28
Cash to close$296,825$52,900$52,900