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$202,146$202,146$495,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$292,854$0
Funding fee$1,011$1,011$0
Note rate3.350%3.350%7.320%
Blended rate3.350%5.953%7.560%
1st payment$1,340.53$1,340.53$3,400.31
2nd payment$0.00$1,891.35$0.00
Taxes / mo$276.92$276.92$276.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$32.00$32.00$32.00
Total monthly$1,816.11$3,707.46$3,974.89
Cash to close$347,854$55,000$55,000