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$226,041$226,041$252,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$25,959$0
Funding fee$1,130$1,130$0
Note rate4.000%4.000%7.320%
Blended rate4.000%4.515%7.560%
1st payment$1,183.99$1,183.99$1,731.07
2nd payment$0.00$194.70$0.00
Taxes / mo$49.50$49.50$49.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,383.49$1,578.19$1,980.97
Cash to close$53,959$28,000$28,000