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$203,320$203,320$332,910
Remaining term (yrs)22.422.430.0
Secondary amount$0$129,590$0
Funding fee$1,017$1,017$0
Note rate4.300%4.300%7.400%
Blended rate4.300%5.740%7.640%
1st payment$1,173.84$1,173.84$2,305.00
2nd payment$0.00$863.93$0.00
Taxes / mo$392.92$392.92$392.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$16.67$16.67$16.67
Total monthly$1,733.42$2,597.35$2,931.17
Cash to close$166,580$36,990$36,990