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$223,187$223,187$418,500
Remaining term (yrs)20.520.530.0
Secondary amount$0$195,313$0
Funding fee$1,116$1,116$0
Note rate4.300%4.300%7.240%
Blended rate4.300%6.027%7.480%
1st payment$1,359.80$1,359.80$2,852.07
2nd payment$0.00$1,302.08$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$214.00$214.00$214.00
Total monthly$2,127.96$3,430.05$3,703.94
Cash to close$241,813$46,500$46,500