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$229,382$229,382$385,920
Remaining term (yrs)26.426.430.0
Secondary amount$0$156,538$0
Funding fee$1,147$1,147$0
Note rate6.120%6.120%7.400%
Blended rate6.120%6.883%7.640%
1st payment$1,457.49$1,457.49$2,672.03
2nd payment$0.00$1,043.58$0.00
Taxes / mo$357.33$357.33$357.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.18
HOA / mo$417.00$417.00$417.00
Total monthly$2,381.82$3,425.41$3,673.55
Cash to close$199,418$42,880$42,880