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$202,693$202,693$479,610
Remaining term (yrs)12.912.930.0
Secondary amount$0$276,917$0
Funding fee$1,013$1,013$0
Note rate3.600%3.600%7.400%
Blended rate3.600%5.996%7.640%
1st payment$1,620.76$1,620.76$3,320.72
2nd payment$0.00$1,788.42$0.00
Taxes / mo$425.33$425.33$425.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.92
HOA / mo$40.00$40.00$40.00
Total monthly$2,252.76$4,041.18$4,048.64
Cash to close$330,207$53,290$53,290