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$231,429$231,429$247,410
Remaining term (yrs)27.727.730.0
Secondary amount$0$29,726$0
Funding fee$1,157$1,157$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.502%7.560%
1st payment$1,566.73$1,566.73$1,699.54
2nd payment$0.00$294.17$0.00
Taxes / mo$335.83$335.83$335.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.48
HOA / mo$0.00$0.00$0.00
Total monthly$2,052.57$2,346.73$2,234.85
Cash to close$43,471$13,745$27,490