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$218,397$218,397$233,910
Remaining term (yrs)26.026.030.0
Secondary amount$0$28,508$0
Funding fee$1,092$1,092$0
Note rate6.020%6.020%7.400%
Blended rate6.020%6.696%7.640%
1st payment$1,382.98$1,382.98$1,619.55
2nd payment$0.00$282.11$0.00
Taxes / mo$139.58$139.58$139.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$46.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,672.56$1,954.67$1,955.91
Cash to close$41,503$12,995$25,990