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$205,889$205,889$247,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$41,611$0
Funding fee$1,029$1,029$0
Note rate5.410%5.410%7.320%
Blended rate5.410%6.014%7.560%
1st payment$1,228.85$1,228.85$1,700.15
2nd payment$0.00$312.09$0.00
Taxes / mo$159.33$159.33$159.33
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$1,538.17$1,850.26$2,058.98
Cash to close$69,111$27,500$27,500