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$201,321$201,321$409,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$208,179$0
Funding fee$1,007$1,007$0
Note rate10.849%10.849%7.320%
Blended rate10.849%9.273%7.560%
1st payment$1,980.91$1,980.91$2,812.98
2nd payment$0.00$1,344.49$0.00
Taxes / mo$788.58$788.58$788.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$81.90
HOA / mo$509.33$509.33$509.33
Total monthly$3,445.49$4,789.98$4,359.46
Cash to close$253,679$45,500$45,500