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$221,841$221,841$263,700
Remaining term (yrs)26.726.730.0
Secondary amount$0$41,859$0
Funding fee$1,109$1,109$0
Note rate6.340%6.340%7.400%
Blended rate6.340%6.762%7.640%
1st payment$1,435.08$1,435.08$1,825.81
2nd payment$0.00$313.94$0.00
Taxes / mo$283.42$283.42$283.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.74
HOA / mo$5.92$5.92$5.92
Total monthly$1,874.42$2,188.36$2,317.88
Cash to close$71,159$29,300$29,300