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$229,035$229,035$287,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$58,065$0
Funding fee$1,145$1,145$0
Note rate5.270%5.270%7.400%
Blended rate5.270%6.024%7.640%
1st payment$1,355.94$1,355.94$1,987.82
2nd payment$0.00$435.49$0.00
Taxes / mo$113.50$113.50$113.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,619.44$2,054.92$2,308.74
Cash to close$89,965$31,900$31,900