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$215,363$215,363$305,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$90,547$0
Funding fee$1,077$1,077$0
Note rate6.120%6.120%7.400%
Blended rate6.120%6.972%7.640%
1st payment$1,370.13$1,370.13$2,118.06
2nd payment$0.00$679.10$0.00
Taxes / mo$72.58$72.58$72.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$10.42$10.42$10.42
Total monthly$1,603.13$2,282.23$2,412.24
Cash to close$124,537$33,990$33,990