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$243,206$243,206$266,400
Remaining term (yrs)27.427.430.0
Secondary amount$0$37,994$0
Funding fee$1,216$1,216$0
Note rate6.880%6.880%7.400%
Blended rate6.880%7.555%7.640%
1st payment$1,641.84$1,641.84$1,844.50
2nd payment$0.00$375.98$0.00
Taxes / mo$69.50$69.50$69.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,861.34$2,237.33$2,117.28
Cash to close$52,794$14,800$29,600