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$235,357$235,357$260,550
Remaining term (yrs)29.429.430.0
Secondary amount$0$25,193$0
Funding fee$1,177$1,177$0
Note rate6.100%6.100%7.400%
Blended rate6.100%6.380%7.640%
1st payment$1,434.77$1,434.77$1,804.00
2nd payment$0.00$188.95$0.00
Taxes / mo$60.33$60.33$60.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.11
HOA / mo$0.00$0.00$0.00
Total monthly$1,645.10$1,834.05$2,066.44
Cash to close$54,143$28,950$28,950