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$206,846$206,846$472,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$265,654$0
Funding fee$1,034$1,034$0
Note rate3.180%3.180%7.400%
Blended rate3.180%5.749%7.640%
1st payment$1,006.98$1,006.98$3,271.49
2nd payment$0.00$1,715.69$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,611.15$3,326.83$3,970.16
Cash to close$318,154$52,500$52,500