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$234,315$234,315$323,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$88,785$0
Funding fee$1,172$1,172$0
Note rate5.230%5.230%7.400%
Blended rate5.230%6.266%7.640%
1st payment$1,377.41$1,377.41$2,237.08
2nd payment$0.00$665.89$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$477.00$477.00$477.00
Total monthly$2,303.58$2,969.47$3,227.87
Cash to close$124,685$35,900$35,900