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$226,034$226,034$238,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,716$0
Funding fee$1,130$1,130$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.169%7.640%
1st payment$1,368.01$1,368.01$1,651.33
2nd payment$0.00$254.48$0.00
Taxes / mo$12.14$12.14$12.14
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,530.15$1,784.63$1,861.16
Cash to close$38,966$13,250$26,500