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$258,597$258,597$373,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$114,903$0
Funding fee$1,293$1,293$0
Note rate5.000%5.000%7.320%
Blended rate5.000%5.923%7.560%
1st payment$1,489.68$1,489.68$2,565.69
2nd payment$0.00$766.02$0.00
Taxes / mo$242.75$242.75$242.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,882.43$2,648.45$3,033.14
Cash to close$156,403$41,500$41,500