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$209,155$209,155$413,910
Remaining term (yrs)8.58.530.0
Secondary amount$0$204,755$0
Funding fee$1,046$1,046$0
Note rate3.060%3.060%7.320%
Blended rate3.060%5.380%7.560%
1st payment$2,292.10$2,292.10$2,843.27
2nd payment$0.00$1,322.37$0.00
Taxes / mo$152.50$152.50$152.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$504.00$504.00$504.00
Total monthly$3,115.27$4,437.64$3,749.22
Cash to close$250,745$45,990$45,990