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$198,794$198,794$621,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$422,206$0
Funding fee$994$994$0
Note rate3.600%3.600%7.320%
Blended rate3.600%6.422%7.560%
1st payment$1,045.68$1,045.68$4,265.84
2nd payment$0.00$2,726.74$0.00
Taxes / mo$242.92$242.92$242.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$12.83$12.83$12.83
Total monthly$1,468.10$4,194.84$4,812.45
Cash to close$491,206$69,000$69,000