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$214,814$214,814$413,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$199,096$0
Funding fee$1,074$1,074$0
Note rate2.800%2.800%7.400%
Blended rate2.800%5.301%7.640%
1st payment$1,017.79$1,017.79$2,865.83
2nd payment$0.00$1,327.30$0.00
Taxes / mo$191.67$191.67$191.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,376.12$2,703.42$3,306.94
Cash to close$245,086$45,990$45,990