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$237,824$237,824$422,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$184,276$0
Funding fee$1,189$1,189$0
Note rate3.210%3.210%7.320%
Blended rate3.210%5.301%7.560%
1st payment$1,193.66$1,193.66$2,899.53
2nd payment$0.00$1,228.51$0.00
Taxes / mo$403.33$403.33$403.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,763.66$2,992.16$3,553.95
Cash to close$231,176$46,900$46,900