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$210,503$210,503$364,500
Remaining term (yrs)22.522.530.0
Secondary amount$0$153,997$0
Funding fee$1,053$1,053$0
Note rate4.280%4.280%7.320%
Blended rate4.280%5.852%7.560%
1st payment$1,210.35$1,210.35$2,503.86
2nd payment$0.00$1,026.64$0.00
Taxes / mo$518.42$518.42$518.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,878.77$2,905.41$3,245.18
Cash to close$194,497$40,500$40,500