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$217,384$217,384$400,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$183,116$0
Funding fee$1,087$1,087$0
Note rate6.630%6.630%7.320%
Blended rate6.630%7.256%7.560%
1st payment$1,409.35$1,409.35$2,751.16
2nd payment$0.00$1,220.77$0.00
Taxes / mo$232.00$232.00$232.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,791.35$3,012.12$3,213.26
Cash to close$227,616$44,500$44,500