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$230,426$230,426$247,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$30,824$0
Funding fee$1,152$1,152$0
Note rate5.130%5.130%7.320%
Blended rate5.130%5.926%7.560%
1st payment$1,334.75$1,334.75$1,700.15
2nd payment$0.00$305.03$0.00
Taxes / mo$268.00$268.00$268.00
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$1,752.75$2,057.78$2,167.65
Cash to close$44,574$13,750$27,500