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$40,545$40,545$260,910
Remaining term (yrs)6.26.230.0
Secondary amount$0$220,365$0
Funding fee$203$203$0
Note rate4.070%4.070%7.400%
Blended rate4.070%7.178%7.640%
1st payment$606.10$606.10$1,806.49
2nd payment$0.00$1,423.19$0.00
Taxes / mo$222.67$222.67$222.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$12.75$12.75$12.75
Total monthly$991.51$2,414.70$2,244.09
Cash to close$249,355$28,990$28,990