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$248,109$248,109$283,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$35,391$0
Funding fee$1,241$1,241$0
Note rate5.270%5.270%7.320%
Blended rate5.270%5.736%7.560%
1st payment$1,466.62$1,466.62$1,947.45
2nd payment$0.00$265.44$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$20.83$20.83$20.83
Total monthly$1,899.95$2,165.39$2,437.48
Cash to close$66,891$31,500$31,500