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$219,791$219,791$756,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$536,209$0
Funding fee$1,099$1,099$0
Note rate3.010%3.010%7.400%
Blended rate3.010%6.372%7.640%
1st payment$1,036.49$1,036.49$5,234.39
2nd payment$0.00$3,463.02$0.00
Taxes / mo$208.92$208.92$208.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.20
HOA / mo$133.33$133.33$133.33
Total monthly$1,595.40$5,058.42$5,944.50
Cash to close$620,209$84,000$84,000