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$238,082$238,082$265,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$27,418$0
Funding fee$1,190$1,190$0
Note rate5.220%5.220%7.320%
Blended rate5.220%5.610%7.560%
1st payment$1,393.92$1,393.92$1,823.80
2nd payment$0.00$205.64$0.00
Taxes / mo$157.58$157.58$157.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,701.51$1,907.14$2,184.48
Cash to close$56,918$29,500$29,500