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$207,025$207,025$423,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$215,975$0
Funding fee$1,035$1,035$0
Note rate3.950%3.950%7.320%
Blended rate3.950%5.890%7.560%
1st payment$1,200.97$1,200.97$2,905.72
2nd payment$0.00$1,394.84$0.00
Taxes / mo$329.08$329.08$329.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.60
HOA / mo$17.50$17.50$17.50
Total monthly$1,714.22$3,109.06$3,503.57
Cash to close$262,975$47,000$47,000