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$221,827$221,827$238,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$29,923$0
Funding fee$1,109$1,109$0
Note rate5.780%5.780%7.320%
Blended rate5.780%6.504%7.560%
1st payment$1,377.58$1,377.58$1,638.33
2nd payment$0.00$296.11$0.00
Taxes / mo$601.58$601.58$601.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,129.16$2,425.27$2,437.61
Cash to close$43,173$13,250$26,500