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$232,546$232,546$312,300
Remaining term (yrs)25.925.930.0
Secondary amount$0$79,754$0
Funding fee$1,163$1,163$0
Note rate5.510%5.510%7.400%
Blended rate5.510%6.401%7.640%
1st payment$1,403.99$1,403.99$2,162.30
2nd payment$0.00$598.16$0.00
Taxes / mo$140.08$140.08$140.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,694.07$2,292.23$2,514.85
Cash to close$114,454$34,700$34,700