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$232,254$232,254$261,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,746$0
Funding fee$1,161$1,161$0
Note rate5.230%5.230%7.320%
Blended rate5.230%5.645%7.560%
1st payment$1,367.38$1,367.38$1,792.89
2nd payment$0.00$215.60$0.00
Taxes / mo$141.45$141.45$141.45
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$2,028.82$2,244.42$2,506.54
Cash to close$57,746$29,000$29,000