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$244,497$244,497$260,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$30,908$0
Funding fee$1,222$1,222$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.855%7.640%
1st payment$1,513.92$1,513.92$1,806.49
2nd payment$0.00$305.86$0.00
Taxes / mo$29.25$29.25$29.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,693.17$1,999.03$2,037.92
Cash to close$45,403$14,495$28,990