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$212,176$212,176$225,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$25,324$0
Funding fee$1,061$1,061$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.939%7.640%
1st payment$1,375.53$1,375.53$1,557.85
2nd payment$0.00$250.60$0.00
Taxes / mo$52.08$52.08$52.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$45.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,577.61$1,828.21$1,804.94
Cash to close$37,824$12,500$25,000