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$234,024$234,024$288,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$53,976$0
Funding fee$1,170$1,170$0
Note rate6.730%6.730%7.320%
Blended rate6.730%7.155%7.560%
1st payment$1,575.65$1,575.65$1,978.36
2nd payment$0.00$404.82$0.00
Taxes / mo$127.92$127.92$127.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$16.67$16.67$16.67
Total monthly$1,870.23$2,275.05$2,330.55
Cash to close$85,976$32,000$32,000