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$217,670$217,670$337,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$119,740$0
Funding fee$1,088$1,088$0
Note rate5.780%5.780%7.400%
Blended rate5.780%6.568%7.640%
1st payment$1,351.76$1,351.76$2,336.16
2nd payment$0.00$798.26$0.00
Taxes / mo$192.25$192.25$192.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,694.01$2,492.28$2,745.89
Cash to close$157,230$37,490$37,490