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$228,041$228,041$405,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$176,959$0
Funding fee$1,140$1,140$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.155%7.640%
1st payment$1,503.59$1,503.59$2,804.14
2nd payment$0.00$1,179.73$0.00
Taxes / mo$41.50$41.50$41.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$75.00$75.00$75.00
Total monthly$1,770.09$2,949.82$3,151.64
Cash to close$221,959$45,000$45,000