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$211,053$211,053$423,000
Remaining term (yrs)20.820.830.0
Secondary amount$0$211,947$0
Funding fee$1,055$1,055$0
Note rate4.030%4.030%7.400%
Blended rate4.030%5.894%7.640%
1st payment$1,245.78$1,245.78$2,928.77
2nd payment$0.00$1,368.82$0.00
Taxes / mo$158.83$158.83$158.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,571.28$2,940.11$3,338.87
Cash to close$258,947$47,000$47,000