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$225,719$225,719$485,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$259,381$0
Funding fee$1,129$1,129$0
Note rate6.810%6.810%7.320%
Blended rate6.810%7.313%7.560%
1st payment$1,526.33$1,526.33$3,332.30
2nd payment$0.00$1,675.17$0.00
Taxes / mo$366.50$366.50$366.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.02
HOA / mo$29.17$29.17$29.17
Total monthly$2,088.66$3,763.83$3,991.66
Cash to close$313,281$53,900$53,900