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$232,306$232,306$261,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,694$0
Funding fee$1,162$1,162$0
Note rate5.250%5.250%7.320%
Blended rate5.250%5.662%7.560%
1st payment$1,370.45$1,370.45$1,792.89
2nd payment$0.00$215.20$0.00
Taxes / mo$141.42$141.42$141.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$370.00$370.00$370.00
Total monthly$2,031.86$2,247.07$2,506.51
Cash to close$57,694$29,000$29,000