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$226,653$226,653$304,200
Remaining term (yrs)26.026.030.0
Secondary amount$0$77,547$0
Funding fee$1,133$1,133$0
Note rate6.290%6.290%7.320%
Blended rate6.290%6.981%7.560%
1st payment$1,473.40$1,473.40$2,089.64
2nd payment$0.00$581.60$0.00
Taxes / mo$281.67$281.67$281.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.84
HOA / mo$16.50$16.50$16.50
Total monthly$1,921.56$2,503.17$2,598.65
Cash to close$111,347$33,800$33,800