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$205,953$205,953$809,910
Remaining term (yrs)16.216.230.0
Secondary amount$0$603,957$0
Funding fee$1,030$1,030$0
Note rate3.350%3.350%7.400%
Blended rate3.350%6.631%7.640%
1st payment$1,365.77$1,365.77$5,607.65
2nd payment$0.00$3,900.56$0.00
Taxes / mo$373.33$373.33$373.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$49.00$49.00$49.00
Total monthly$2,004.77$5,905.33$6,408.64
Cash to close$693,947$89,990$89,990