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$227,451$227,451$315,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$87,549$0
Funding fee$1,137$1,137$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.303%7.640%
1st payment$1,521.46$1,521.46$2,181.00
2nd payment$0.00$656.62$0.00
Taxes / mo$156.00$156.00$156.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$293.00$293.00$293.00
Total monthly$2,120.46$2,777.07$2,843.00
Cash to close$122,549$35,000$35,000