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$242,016$242,016$256,410
Remaining term (yrs)26.926.930.0
Secondary amount$0$28,639$0
Funding fee$1,210$1,210$0
Note rate6.960%6.960%7.320%
Blended rate6.960%7.480%7.560%
1st payment$1,658.31$1,658.31$1,761.36
2nd payment$0.00$283.41$0.00
Taxes / mo$237.42$237.42$237.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,045.73$2,329.14$2,200.06
Cash to close$42,884$14,245$28,490