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$201,136$201,136$305,010
Remaining term (yrs)22.922.930.0
Secondary amount$0$103,874$0
Funding fee$1,006$1,006$0
Note rate4.350%4.350%7.400%
Blended rate4.350%5.593%7.640%
1st payment$1,154.33$1,154.33$2,111.83
2nd payment$0.00$692.50$0.00
Taxes / mo$282.42$282.42$282.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.00
HOA / mo$25.00$25.00$25.00
Total monthly$1,611.74$2,304.24$2,630.25
Cash to close$137,764$33,890$33,890