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$204,233$204,233$440,910
Remaining term (yrs)16.616.630.0
Secondary amount$0$236,677$0
Funding fee$1,021$1,021$0
Note rate3.400%3.400%7.320%
Blended rate3.400%5.735%7.560%
1st payment$1,334.13$1,334.13$3,028.75
2nd payment$0.00$1,528.54$0.00
Taxes / mo$195.50$195.50$195.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.18
HOA / mo$33.00$33.00$33.00
Total monthly$1,729.30$3,257.84$3,512.09
Cash to close$285,667$48,990$48,990