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$225,273$225,273$247,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$35,977$0
Funding fee$1,126$1,126$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.370%7.640%
1st payment$1,466.25$1,466.25$1,713.64
2nd payment$0.00$356.03$0.00
Taxes / mo$125.00$125.00$125.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.50
HOA / mo$140.00$140.00$140.00
Total monthly$1,881.25$2,237.28$2,178.14
Cash to close$49,727$13,750$27,500