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$226,106$226,106$269,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$42,994$0
Funding fee$1,131$1,131$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.891%7.640%
1st payment$1,340.61$1,340.61$1,863.19
2nd payment$0.00$322.45$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,919.77$2,242.23$2,496.18
Cash to close$72,894$29,900$29,900