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$254,205$254,205$372,825
Remaining term (yrs)28.428.430.0
Secondary amount$0$118,620$0
Funding fee$1,271$1,271$0
Note rate6.630%6.630%7.400%
Blended rate6.630%7.066%7.640%
1st payment$1,654.46$1,654.46$2,581.36
2nd payment$0.00$790.80$0.00
Taxes / mo$202.50$202.50$202.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.57
HOA / mo$0.00$0.00$0.00
Total monthly$2,006.96$2,797.76$3,008.43
Cash to close$160,045$41,425$41,425