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$218,121$218,121$445,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$227,379$0
Funding fee$1,091$1,091$0
Note rate3.040%3.040%7.320%
Blended rate3.040%5.444%7.560%
1st payment$1,045.91$1,045.91$3,060.28
2nd payment$0.00$1,468.49$0.00
Taxes / mo$182.17$182.17$182.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$40.00$40.00$40.00
Total monthly$1,434.75$2,903.23$3,538.21
Cash to close$276,879$49,500$49,500