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$223,747$223,747$256,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$32,753$0
Funding fee$1,119$1,119$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.212%7.640%
1st payment$1,504.65$1,504.65$1,775.95
2nd payment$0.00$245.65$0.00
Taxes / mo$225.50$225.50$225.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$180.00$180.00$180.00
Total monthly$2,060.15$2,305.79$2,382.75
Cash to close$61,253$28,500$28,500