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$271,925$271,925$301,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$29,575$0
Funding fee$1,360$1,360$0
Note rate6.700%6.700%7.400%
Blended rate6.700%6.926%7.640%
1st payment$1,838.23$1,838.23$2,087.53
2nd payment$0.00$221.81$0.00
Taxes / mo$125.19$125.19$125.19
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$120.00$120.00$120.00
Total monthly$2,233.42$2,455.23$2,543.01
Cash to close$63,075$33,500$33,500