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$218,038$218,038$270,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$51,962$0
Funding fee$1,090$1,090$0
Note rate4.800%4.800%7.320%
Blended rate4.800%5.608%7.560%
1st payment$1,179.32$1,179.32$1,854.71
2nd payment$0.00$389.71$0.00
Taxes / mo$167.67$167.67$167.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,496.98$1,886.70$2,226.38
Cash to close$81,962$30,000$30,000