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$246,590$246,590$404,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$158,320$0
Funding fee$1,233$1,233$0
Note rate5.300%5.300%7.400%
Blended rate5.300%6.356%7.640%
1st payment$1,457.67$1,457.67$2,803.52
2nd payment$0.00$1,055.47$0.00
Taxes / mo$150.75$150.75$150.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$38.33$38.33$38.33
Total monthly$1,796.75$2,852.22$3,223.58
Cash to close$203,310$44,990$44,990