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$230,595$230,595$383,310
Remaining term (yrs)26.426.430.0
Secondary amount$0$152,715$0
Funding fee$1,153$1,153$0
Note rate6.330%6.330%7.320%
Blended rate6.330%6.995%7.560%
1st payment$1,497.42$1,497.42$2,633.07
2nd payment$0.00$1,018.10$0.00
Taxes / mo$86.83$86.83$86.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,734.25$2,752.35$2,946.57
Cash to close$195,305$42,590$42,590