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$263,518$263,518$288,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$40,482$0
Funding fee$1,318$1,318$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.916%7.640%
1st payment$1,535.37$1,535.37$1,994.05
2nd payment$0.00$400.61$0.00
Taxes / mo$80.83$80.83$80.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,766.21$2,166.81$2,282.49
Cash to close$56,482$16,000$32,000