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$242,070$242,070$427,500
Remaining term (yrs)20.720.730.0
Secondary amount$0$185,430$0
Funding fee$1,210$1,210$0
Note rate4.050%4.050%7.400%
Blended rate4.050%5.763%7.640%
1st payment$1,435.09$1,435.09$2,959.92
2nd payment$0.00$1,236.20$0.00
Taxes / mo$49.75$49.75$49.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$216.33$216.33$216.33
Total monthly$1,867.83$3,104.03$3,478.17
Cash to close$232,930$47,500$47,500