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$224,872$224,872$238,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,878$0
Funding fee$1,124$1,124$0
Note rate5.220%5.220%7.320%
Blended rate5.220%5.931%7.560%
1st payment$1,316.58$1,316.58$1,638.33
2nd payment$0.00$265.98$0.00
Taxes / mo$601.47$601.47$601.47
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,068.06$2,334.03$2,437.50
Cash to close$40,128$13,250$26,500