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$362,197$362,197$571,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$209,303$0
Funding fee$1,811$1,811$0
Note rate5.220%5.220%7.400%
Blended rate5.220%6.147%7.640%
1st payment$2,120.60$2,120.60$3,956.95
2nd payment$0.00$1,351.75$0.00
Taxes / mo$959.42$959.42$959.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$51.67$51.67$51.67
Total monthly$3,298.35$4,650.10$5,249.00
Cash to close$272,803$63,500$63,500