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$270,615$270,615$280,800
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,785$0
Funding fee$1,353$1,353$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.831%7.640%
1st payment$1,722.97$1,722.97$1,944.20
2nd payment$0.00$255.17$0.00
Taxes / mo$260.00$260.00$260.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.16
HOA / mo$50.00$50.00$50.00
Total monthly$2,182.97$2,438.14$2,460.36
Cash to close$41,385$15,600$31,200