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$221,563$221,563$535,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$313,937$0
Funding fee$1,108$1,108$0
Note rate3.200%3.200%7.320%
Blended rate3.200%5.867%7.560%
1st payment$1,116.13$1,116.13$3,678.51
2nd payment$0.00$2,027.51$0.00
Taxes / mo$164.33$164.33$164.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.13$3,474.64$4,116.61
Cash to close$373,437$59,500$59,500