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$225,007$225,007$292,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$67,493$0
Funding fee$1,125$1,125$0
Note rate4.170%4.170%7.400%
Blended rate4.170%5.285%7.640%
1st payment$1,188.93$1,188.93$2,025.21
2nd payment$0.00$506.20$0.00
Taxes / mo$363.10$363.10$363.10
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,702.04$2,208.23$2,596.81
Cash to close$99,993$32,500$32,500