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$220,438$220,438$288,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$67,562$0
Funding fee$1,102$1,102$0
Note rate6.440%6.440%7.400%
Blended rate6.440%7.041%7.640%
1st payment$1,413.29$1,413.29$1,994.05
2nd payment$0.00$506.71$0.00
Taxes / mo$216.67$216.67$216.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,779.95$2,286.66$2,418.32
Cash to close$99,562$32,000$32,000