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$247,417$247,417$305,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$57,683$0
Funding fee$1,237$1,237$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.835%7.640%
1st payment$1,606.66$1,606.66$2,112.45
2nd payment$0.00$432.62$0.00
Taxes / mo$282.50$282.50$282.50
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$2,039.16$2,471.78$2,605.97
Cash to close$91,583$33,900$33,900