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$229,268$229,268$252,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$36,732$0
Funding fee$1,146$1,146$0
Note rate5.230%5.230%7.320%
Blended rate5.230%6.148%7.560%
1st payment$1,349.80$1,349.80$1,731.07
2nd payment$0.00$363.49$0.00
Taxes / mo$233.33$233.33$233.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,733.13$2,096.62$2,164.80
Cash to close$50,732$14,000$28,000