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$235,845$235,845$449,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$214,065$0
Funding fee$1,179$1,179$0
Note rate6.720%6.720%7.400%
Blended rate6.720%7.210%7.640%
1st payment$1,551.85$1,551.85$3,115.09
2nd payment$0.00$1,382.50$0.00
Taxes / mo$49.33$49.33$49.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,767.85$3,150.35$3,421.07
Cash to close$264,055$49,990$49,990