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$226,488$226,488$251,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$38,562$0
Funding fee$1,132$1,132$0
Note rate6.580%6.580%7.320%
Blended rate6.580%7.350%7.560%
1st payment$1,510.17$1,510.17$1,724.88
2nd payment$0.00$381.61$0.00
Taxes / mo$613.67$613.67$613.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,273.84$2,655.45$2,538.77
Cash to close$52,512$13,950$27,900