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$277,677$277,677$345,510
Remaining term (yrs)26.826.830.0
Secondary amount$0$67,833$0
Funding fee$1,388$1,388$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.160%7.640%
1st payment$1,859.76$1,859.76$2,392.24
2nd payment$0.00$508.75$0.00
Taxes / mo$208.00$208.00$208.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.10
HOA / mo$55.42$55.42$55.42
Total monthly$2,273.18$2,781.93$2,874.76
Cash to close$106,223$38,390$38,390