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$216,484$216,484$229,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,671$0
Funding fee$1,082$1,082$0
Note rate5.550%5.550%7.320%
Blended rate5.550%6.221%7.560%
1st payment$1,314.14$1,314.14$1,575.89
2nd payment$0.00$254.03$0.00
Taxes / mo$135.33$135.33$135.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.88
HOA / mo$0.00$0.00$0.00
Total monthly$1,599.47$1,853.50$1,907.10
Cash to close$38,416$12,745$25,490