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$237,162$237,162$378,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$140,838$0
Funding fee$1,186$1,186$0
Note rate5.100%5.100%7.320%
Blended rate5.100%6.181%7.560%
1st payment$1,378.01$1,378.01$2,596.60
2nd payment$0.00$938.92$0.00
Taxes / mo$163.42$163.42$163.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,691.42$2,630.34$2,985.61
Cash to close$182,838$42,000$42,000