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$231,866$231,866$359,910
Remaining term (yrs)29.629.630.0
Secondary amount$0$128,044$0
Funding fee$1,159$1,159$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.034%7.640%
1st payment$1,469.56$1,469.56$2,491.94
2nd payment$0.00$853.63$0.00
Taxes / mo$285.67$285.67$285.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$69.33$69.33$69.33
Total monthly$1,974.55$2,828.18$3,068.92
Cash to close$168,034$39,990$39,990