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$23,845$23,845$252,720
Remaining term (yrs)7.47.430.0
Secondary amount$0$228,875$0
Funding fee$119$119$0
Note rate5.570%5.570%7.400%
Blended rate5.570%7.544%7.640%
1st payment$321.86$321.86$1,749.78
2nd payment$0.00$1,478.15$0.00
Taxes / mo$164.58$164.58$164.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.54
HOA / mo$0.00$0.00$0.00
Total monthly$636.44$2,114.59$2,114.91
Cash to close$256,955$28,080$28,080