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$225,297$225,297$652,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$427,203$0
Funding fee$1,126$1,126$0
Note rate3.850%3.850%7.400%
Blended rate3.850%6.403%7.640%
1st payment$1,398.92$1,398.92$4,517.78
2nd payment$0.00$2,759.02$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,219.76$4,978.77$5,469.11
Cash to close$499,703$72,500$72,500