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$207,108$207,108$270,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$62,892$0
Funding fee$1,036$1,036$0
Note rate6.770%6.770%7.320%
Blended rate6.770%7.289%7.560%
1st payment$1,376.29$1,376.29$1,854.71
2nd payment$0.00$471.69$0.00
Taxes / mo$250.00$250.00$250.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,776.29$2,247.99$2,308.71
Cash to close$92,892$30,000$30,000