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$228,023$228,023$251,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$37,882$0
Funding fee$1,140$1,140$0
Note rate6.340%6.340%7.400%
Blended rate6.340%7.129%7.640%
1st payment$1,476.82$1,476.82$1,744.17
2nd payment$0.00$374.88$0.00
Taxes / mo$124.58$124.58$124.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,751.40$2,126.28$2,069.14
Cash to close$51,877$13,995$27,990