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$41,395$41,395$251,730
Remaining term (yrs)8.48.430.0
Secondary amount$0$210,335$0
Funding fee$207$207$0
Note rate5.530%5.530%7.400%
Blended rate5.530%7.385%7.640%
1st payment$509.57$509.57$1,742.93
2nd payment$0.00$1,358.42$0.00
Taxes / mo$164.00$164.00$164.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.35
HOA / mo$0.00$0.00$0.00
Total monthly$823.57$2,181.99$2,107.27
Cash to close$238,305$27,970$27,970