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$235,059$235,059$365,399
Remaining term (yrs)20.720.730.0
Secondary amount$0$130,340$0
Funding fee$1,175$1,175$0
Note rate4.020%4.020%7.400%
Blended rate4.020%5.440%7.640%
1st payment$1,389.77$1,389.77$2,529.95
2nd payment$0.00$868.94$0.00
Taxes / mo$405.58$405.58$405.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.08
HOA / mo$9.17$9.17$9.17
Total monthly$1,954.52$2,823.46$3,167.78
Cash to close$170,940$40,600$40,600