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$218,816$218,816$260,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$42,094$0
Funding fee$1,094$1,094$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.645%7.640%
1st payment$1,260.52$1,260.52$1,806.49
2nd payment$0.00$315.71$0.00
Taxes / mo$25.83$25.83$25.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.35$1,752.06$2,034.50
Cash to close$71,084$28,990$28,990