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$200,962$200,962$539,999
Remaining term (yrs)25.425.430.0
Secondary amount$0$339,037$0
Funding fee$1,005$1,005$0
Note rate3.760%3.760%7.320%
Blended rate3.760%6.265%7.560%
1st payment$1,020.10$1,020.10$3,709.42
2nd payment$0.00$2,189.62$0.00
Taxes / mo$22.33$22.33$22.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,209.10$3,398.72$4,006.42
Cash to close$399,037$60,000$60,000