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$294,217$294,217$350,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$56,693$0
Funding fee$1,471$1,471$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.831%7.640%
1st payment$1,722.59$1,722.59$2,429.63
2nd payment$0.00$425.20$0.00
Taxes / mo$5.00$5.00$5.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,877.59$2,302.78$2,654.81
Cash to close$95,683$38,990$38,990