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$216,371$216,371$414,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$197,629$0
Funding fee$1,082$1,082$0
Note rate3.330%3.330%7.320%
Blended rate3.330%5.559%7.560%
1st payment$1,089.59$1,089.59$2,843.89
2nd payment$0.00$1,317.52$0.00
Taxes / mo$30.50$30.50$30.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.80
HOA / mo$25.00$25.00$25.00
Total monthly$1,311.76$2,629.28$3,148.86
Cash to close$243,629$46,000$46,000