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$236,133$236,133$265,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$29,367$0
Funding fee$1,181$1,181$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.777%7.640%
1st payment$1,497.98$1,497.98$1,838.27
2nd payment$0.00$220.25$0.00
Taxes / mo$182.50$182.50$182.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,830.48$2,050.73$2,223.87
Cash to close$58,867$29,500$29,500