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$224,150$224,150$315,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$90,850$0
Funding fee$1,121$1,121$0
Note rate6.470%6.470%7.400%
Blended rate6.470%7.200%7.640%
1st payment$1,442.92$1,442.92$2,181.00
2nd payment$0.00$681.37$0.00
Taxes / mo$60.42$60.42$60.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,653.34$2,334.71$2,454.41
Cash to close$125,850$35,000$35,000