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$289,000$289,000$386,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$97,910$0
Funding fee$1,445$1,445$0
Note rate5.220%5.220%7.400%
Blended rate5.220%6.177%7.640%
1st payment$1,692.04$1,692.04$2,678.89
2nd payment$0.00$734.32$0.00
Taxes / mo$200.17$200.17$200.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$21.00$21.00$21.00
Total monthly$2,063.21$2,797.53$3,127.44
Cash to close$140,900$42,990$42,990