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$215,183$215,183$459,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$243,817$0
Funding fee$1,076$1,076$0
Note rate6.580%6.580%7.400%
Blended rate6.580%7.201%7.640%
1st payment$1,388.05$1,388.05$3,178.02
2nd payment$0.00$1,574.65$0.00
Taxes / mo$109.33$109.33$109.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$91.80
HOA / mo$11.67$11.67$11.67
Total monthly$1,675.72$3,250.37$3,557.49
Cash to close$294,817$51,000$51,000