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$280,263$280,263$305,100
Remaining term (yrs)26.226.230.0
Secondary amount$0$41,787$0
Funding fee$1,401$1,401$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.467%7.640%
1st payment$1,909.94$1,909.94$2,112.45
2nd payment$0.00$413.52$0.00
Taxes / mo$406.25$406.25$406.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,466.19$2,879.71$2,729.72
Cash to close$58,737$16,950$33,900