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$226,337$226,337$247,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$34,913$0
Funding fee$1,132$1,132$0
Note rate5.510%5.510%7.400%
Blended rate5.510%6.361%7.640%
1st payment$1,366.50$1,366.50$1,713.64
2nd payment$0.00$345.49$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$1,745.67$2,091.16$2,142.31
Cash to close$48,663$13,750$27,500