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$212,174$212,174$240,300
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,126$0
Funding fee$1,061$1,061$0
Note rate6.270%6.270%7.400%
Blended rate6.270%6.590%7.640%
1st payment$1,369.78$1,369.78$1,663.79
2nd payment$0.00$210.95$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.06
HOA / mo$0.00$0.00$0.00
Total monthly$1,562.53$1,773.48$1,904.60
Cash to close$54,826$26,700$26,700