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$222,343$222,343$494,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$272,567$0
Funding fee$1,112$1,112$0
Note rate3.360%3.360%7.320%
Blended rate3.360%5.778%7.560%
1st payment$1,136.04$1,136.04$3,399.69
2nd payment$0.00$1,760.33$0.00
Taxes / mo$419.00$419.00$419.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,721.71$3,482.04$4,084.34
Cash to close$327,557$54,990$54,990