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$228,542$228,542$449,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$221,457$0
Funding fee$1,143$1,143$0
Note rate5.550%5.550%7.400%
Blended rate5.550%6.633%7.640%
1st payment$1,383.36$1,383.36$3,115.70
2nd payment$0.00$1,430.24$0.00
Taxes / mo$134.25$134.25$134.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$56.25$56.25$56.25
Total monthly$1,740.53$3,170.77$3,562.87
Cash to close$271,457$50,000$50,000