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$223,102$223,102$247,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$38,148$0
Funding fee$1,116$1,116$0
Note rate5.000%5.000%7.400%
Blended rate5.000%6.004%7.640%
1st payment$1,279.14$1,279.14$1,713.64
2nd payment$0.00$377.51$0.00
Taxes / mo$229.17$229.17$229.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,658.31$2,035.82$2,142.31
Cash to close$51,898$13,750$27,500