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$202,642$202,642$733,410
Remaining term (yrs)23.723.730.0
Secondary amount$0$530,768$0
Funding fee$1,013$1,013$0
Note rate3.240%3.240%7.400%
Blended rate3.240%6.504%7.640%
1st payment$1,017.88$1,017.88$5,077.98
2nd payment$0.00$3,427.88$0.00
Taxes / mo$679.08$679.08$679.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.68
HOA / mo$246.00$246.00$246.00
Total monthly$2,159.63$5,587.51$6,366.41
Cash to close$612,258$81,490$81,490