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$204,014$204,014$364,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$160,486$0
Funding fee$1,020$1,020$0
Note rate4.300%4.300%7.320%
Blended rate4.300%5.929%7.560%
1st payment$1,252.45$1,252.45$2,503.86
2nd payment$0.00$1,069.90$0.00
Taxes / mo$260.08$260.08$260.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$30.00$30.00$30.00
Total monthly$1,692.53$2,762.43$3,016.85
Cash to close$200,986$40,500$40,500