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$202,942$202,942$288,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$85,058$0
Funding fee$1,015$1,015$0
Note rate4.670%4.670%7.400%
Blended rate4.670%5.949%7.640%
1st payment$1,132.00$1,132.00$1,994.05
2nd payment$0.00$637.93$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$10.42$10.42$10.42
Total monthly$1,559.08$2,197.02$2,478.74
Cash to close$117,058$32,000$32,000