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$204,700$204,700$373,500
Remaining term (yrs)22.622.630.0
Secondary amount$0$168,800$0
Funding fee$1,023$1,023$0
Note rate4.080%4.080%7.400%
Blended rate4.080%5.852%7.640%
1st payment$1,152.07$1,152.07$2,586.04
2nd payment$0.00$1,125.34$0.00
Taxes / mo$138.08$138.08$138.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,440.15$2,565.49$2,948.82
Cash to close$210,300$41,500$41,500