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$216,868$216,868$508,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$291,632$0
Funding fee$1,084$1,084$0
Note rate3.750%3.750%7.320%
Blended rate3.750%6.044%7.560%
1st payment$1,165.93$1,165.93$3,493.04
2nd payment$0.00$1,883.45$0.00
Taxes / mo$269.67$269.67$269.67
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$101.70
HOA / mo$38.33$38.33$38.33
Total monthly$1,640.59$3,524.05$4,069.41
Cash to close$348,132$56,500$56,500