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$227,251$227,251$422,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$194,849$0
Funding fee$1,136$1,136$0
Note rate3.470%3.470%7.320%
Blended rate3.470%5.561%7.560%
1st payment$1,171.65$1,171.65$2,899.53
2nd payment$0.00$1,299.00$0.00
Taxes / mo$131.33$131.33$131.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.42
HOA / mo$25.00$25.00$25.00
Total monthly$1,494.65$2,793.65$3,306.95
Cash to close$241,749$46,900$46,900