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$223,255$223,255$256,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$33,245$0
Funding fee$1,116$1,116$0
Note rate5.700%5.700%7.400%
Blended rate5.700%6.128%7.640%
1st payment$1,375.55$1,375.55$1,775.95
2nd payment$0.00$249.34$0.00
Taxes / mo$609.08$609.08$609.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,134.63$2,383.97$2,586.34
Cash to close$61,745$28,500$28,500