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$215,142$215,142$251,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$36,857$0
Funding fee$1,076$1,076$0
Note rate5.625%5.625%7.320%
Blended rate5.625%6.119%7.560%
1st payment$1,312.04$1,312.04$1,731.06
2nd payment$0.00$276.43$0.00
Taxes / mo$233.33$233.33$233.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,695.37$1,971.80$2,164.79
Cash to close$64,857$28,000$28,000