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$214,445$214,445$427,410
Remaining term (yrs)23.523.530.0
Secondary amount$0$212,965$0
Funding fee$1,072$1,072$0
Note rate3.500%3.500%7.400%
Blended rate3.500%5.618%7.640%
1st payment$1,111.55$1,111.55$2,959.30
2nd payment$0.00$1,375.40$0.00
Taxes / mo$210.50$210.50$210.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,488.71$2,864.11$3,421.95
Cash to close$260,455$47,490$47,490