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$52,551$52,551$242,100
Remaining term (yrs)7.17.130.0
Secondary amount$0$189,549$0
Funding fee$263$263$0
Note rate5.950%5.950%7.400%
Blended rate5.950%7.555%7.640%
1st payment$745.13$745.13$1,676.25
2nd payment$0.00$1,263.66$0.00
Taxes / mo$577.15$577.15$577.15
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,472.28$2,735.94$2,451.82
Cash to close$216,449$26,900$26,900