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$264,666$264,666$342,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$77,334$0
Funding fee$1,323$1,323$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.065%7.560%
1st payment$1,691.78$1,691.78$2,349.30
2nd payment$0.00$580.00$0.00
Taxes / mo$146.56$146.56$146.56
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$116.67$116.67$116.67
Total monthly$2,105.01$2,685.02$2,830.94
Cash to close$115,334$38,000$38,000