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$231,338$231,338$251,955
Remaining term (yrs)26.526.530.0
Secondary amount$0$34,615$0
Funding fee$1,157$1,157$0
Note rate6.600%6.600%7.320%
Blended rate6.600%7.287%7.560%
1st payment$1,538.29$1,538.29$1,730.76
2nd payment$0.00$342.54$0.00
Taxes / mo$364.83$364.83$364.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.39
HOA / mo$0.00$0.00$0.00
Total monthly$2,053.13$2,395.67$2,295.98
Cash to close$48,612$13,998$27,995