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$53,211$53,211$247,500
Remaining term (yrs)6.26.230.0
Secondary amount$0$194,289$0
Funding fee$266$266$0
Note rate6.130%6.130%7.400%
Blended rate6.130%7.598%7.640%
1st payment$846.58$846.58$1,713.64
2nd payment$0.00$1,295.26$0.00
Taxes / mo$61.58$61.58$61.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$60.00$60.00$60.00
Total monthly$1,118.17$2,413.43$2,034.72
Cash to close$221,789$27,500$27,500