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$223,419$223,419$436,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$213,081$0
Funding fee$1,117$1,117$0
Note rate6.280%6.280%7.400%
Blended rate6.280%6.998%7.640%
1st payment$1,440.27$1,440.27$3,022.24
2nd payment$0.00$1,376.15$0.00
Taxes / mo$497.00$497.00$497.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$87.30
HOA / mo$425.00$425.00$425.00
Total monthly$2,528.94$3,905.09$4,198.20
Cash to close$261,581$48,500$48,500