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$225,774$225,774$350,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$124,326$0
Funding fee$1,129$1,129$0
Note rate5.230%5.230%7.400%
Blended rate5.230%6.214%7.640%
1st payment$1,352.48$1,352.48$2,424.02
2nd payment$0.00$828.84$0.00
Taxes / mo$97.75$97.75$97.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,600.23$2,429.07$2,741.79
Cash to close$163,226$38,900$38,900