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$206,495$206,495$395,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$188,605$0
Funding fee$1,032$1,032$0
Note rate3.700%3.700%7.320%
Blended rate3.700%5.753%7.560%
1st payment$1,104.63$1,104.63$2,714.06
2nd payment$0.00$1,257.37$0.00
Taxes / mo$339.33$339.33$339.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.02
HOA / mo$94.00$94.00$94.00
Total monthly$1,687.97$2,945.33$3,376.42
Cash to close$232,505$43,900$43,900