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$211,113$211,113$396,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$184,887$0
Funding fee$1,056$1,056$0
Note rate3.090%3.090%7.400%
Blended rate3.090%5.382%7.640%
1st payment$1,002.21$1,002.21$2,741.82
2nd payment$0.00$1,232.58$0.00
Taxes / mo$262.67$262.67$262.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,414.88$2,647.46$3,233.69
Cash to close$228,887$44,000$44,000