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$221,351$221,351$477,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$255,649$0
Funding fee$1,107$1,107$0
Note rate6.690%6.690%7.320%
Blended rate6.690%7.258%7.560%
1st payment$1,468.51$1,468.51$3,276.66
2nd payment$0.00$1,651.07$0.00
Taxes / mo$99.00$99.00$99.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,734.18$3,385.24$3,637.73
Cash to close$308,649$53,000$53,000