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$214,827$214,827$405,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$190,173$0
Funding fee$1,074$1,074$0
Note rate2.710%2.710%7.400%
Blended rate2.710%5.194%7.640%
1st payment$1,003.13$1,003.13$2,804.14
2nd payment$0.00$1,267.82$0.00
Taxes / mo$210.25$210.25$210.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,363.38$2,631.20$3,245.39
Cash to close$235,173$45,000$45,000