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$214,471$214,471$472,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$258,029$0
Funding fee$1,072$1,072$0
Note rate3.460%3.460%7.320%
Blended rate3.460%5.803%7.560%
1st payment$1,232.34$1,232.34$3,245.75
2nd payment$0.00$1,666.43$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$42.00$42.00$42.00
Total monthly$1,765.17$3,431.61$3,873.08
Cash to close$310,529$52,500$52,500