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$255,583$255,583$269,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$29,322$0
Funding fee$1,278$1,278$0
Note rate5.780%5.780%7.400%
Blended rate5.780%6.407%7.640%
1st payment$1,587.21$1,587.21$1,868.80
2nd payment$0.00$290.16$0.00
Taxes / mo$158.42$158.42$158.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,895.62$2,185.79$2,231.20
Cash to close$44,317$14,995$29,990