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$209,300$209,300$373,500
Remaining term (yrs)20.020.030.0
Secondary amount$0$164,200$0
Funding fee$1,047$1,047$0
Note rate3.450%3.450%7.320%
Blended rate3.450%5.450%7.560%
1st payment$1,201.55$1,201.55$2,565.69
2nd payment$0.00$1,094.66$0.00
Taxes / mo$359.58$359.58$359.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,711.13$2,805.80$3,149.97
Cash to close$205,700$41,500$41,500