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$211,576$211,576$472,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$260,924$0
Funding fee$1,058$1,058$0
Note rate3.130%3.130%7.400%
Blended rate3.130%5.681%7.640%
1st payment$1,024.47$1,024.47$3,271.49
2nd payment$0.00$1,685.13$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$1,628.63$3,313.77$3,970.16
Cash to close$313,424$52,500$52,500