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$216,539$216,539$332,910
Remaining term (yrs)20.520.530.0
Secondary amount$0$116,371$0
Funding fee$1,083$1,083$0
Note rate4.500%4.500%7.320%
Blended rate4.500%5.723%7.560%
1st payment$1,342.72$1,342.72$2,286.86
2nd payment$0.00$775.81$0.00
Taxes / mo$216.25$216.25$216.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$292.00$292.00$292.00
Total monthly$2,000.97$2,776.77$3,011.69
Cash to close$153,361$36,990$36,990