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$249,241$249,241$342,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$92,759$0
Funding fee$1,246$1,246$0
Note rate6.470%6.470%7.400%
Blended rate6.470%7.156%7.640%
1st payment$1,606.12$1,606.12$2,367.94
2nd payment$0.00$695.70$0.00
Taxes / mo$241.08$241.08$241.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$40.00$40.00$40.00
Total monthly$2,037.20$2,732.89$2,867.42
Cash to close$130,759$38,000$38,000