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$209,350$209,350$247,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$38,150$0
Funding fee$1,047$1,047$0
Note rate5.100%5.100%7.400%
Blended rate5.100%5.701%7.640%
1st payment$1,216.41$1,216.41$1,713.64
2nd payment$0.00$286.12$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,595.58$1,881.70$2,142.31
Cash to close$65,650$27,500$27,500