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$201,697$201,697$233,100
Remaining term (yrs)25.525.530.0
Secondary amount$0$31,403$0
Funding fee$1,008$1,008$0
Note rate4.000%4.000%7.320%
Blended rate4.000%4.674%7.560%
1st payment$1,048.56$1,048.56$1,601.24
2nd payment$0.00$235.52$0.00
Taxes / mo$215.83$215.83$215.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,414.39$1,649.91$2,013.69
Cash to close$57,303$25,900$25,900