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$230,413$230,413$431,100
Remaining term (yrs)20.920.930.0
Secondary amount$0$200,687$0
Funding fee$1,152$1,152$0
Note rate3.920%3.920%7.320%
Blended rate3.920%5.703%7.560%
1st payment$1,343.15$1,343.15$2,961.36
2nd payment$0.00$1,296.11$0.00
Taxes / mo$444.67$444.67$444.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.22
HOA / mo$11.25$11.25$11.25
Total monthly$1,965.73$3,261.84$3,670.16
Cash to close$248,587$47,900$47,900