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$218,700$218,700$256,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$37,800$0
Funding fee$1,094$1,094$0
Note rate5.540%5.540%7.400%
Blended rate5.540%6.050%7.640%
1st payment$1,324.36$1,324.36$1,775.95
2nd payment$0.00$283.50$0.00
Taxes / mo$114.58$114.58$114.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,588.94$1,872.44$2,091.84
Cash to close$66,300$28,500$28,500