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$222,797$222,797$404,100
Remaining term (yrs)20.720.730.0
Secondary amount$0$181,303$0
Funding fee$1,114$1,114$0
Note rate4.050%4.050%7.400%
Blended rate4.050%5.822%7.640%
1st payment$1,320.83$1,320.83$2,797.91
2nd payment$0.00$1,208.68$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.00$3,053.68$3,402.89
Cash to close$226,203$44,900$44,900