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$213,595$213,595$539,910
Remaining term (yrs)23.723.730.0
Secondary amount$0$326,315$0
Funding fee$1,068$1,068$0
Note rate3.210%3.210%7.320%
Blended rate3.210%5.954%7.560%
1st payment$1,069.54$1,069.54$3,708.81
2nd payment$0.00$2,107.45$0.00
Taxes / mo$270.25$270.25$270.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,506.46$3,613.92$4,253.71
Cash to close$386,305$59,990$59,990