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$230,078$230,078$247,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$31,172$0
Funding fee$1,150$1,150$0
Note rate7.040%7.040%7.400%
Blended rate7.040%7.617%7.640%
1st payment$1,560.93$1,560.93$1,713.64
2nd payment$0.00$308.47$0.00
Taxes / mo$266.58$266.58$266.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$294.00$294.00$294.00
Total monthly$2,271.51$2,579.98$2,473.72
Cash to close$44,922$13,750$27,500