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$262,434$262,434$332,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$70,476$0
Funding fee$1,312$1,312$0
Note rate6.950%6.950%7.320%
Blended rate6.950%7.384%7.560%
1st payment$1,787.26$1,787.26$2,286.86
2nd payment$0.00$528.57$0.00
Taxes / mo$104.02$104.02$104.02
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,041.28$2,569.85$2,607.46
Cash to close$107,466$36,990$36,990