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$209,485$209,485$427,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$218,015$0
Funding fee$1,047$1,047$0
Note rate3.000%3.000%7.400%
Blended rate3.000%5.422%7.640%
1st payment$1,021.26$1,021.26$2,959.92
2nd payment$0.00$1,408.01$0.00
Taxes / mo$239.58$239.58$239.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,427.51$2,835.52$3,451.67
Cash to close$265,515$47,500$47,500