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$258,952$258,952$355,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$96,548$0
Funding fee$1,295$1,295$0
Note rate7.040%7.040%7.400%
Blended rate7.040%7.572%7.640%
1st payment$1,756.82$1,756.82$2,461.41
2nd payment$0.00$724.11$0.00
Taxes / mo$329.17$329.17$329.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$65.00$65.00$65.00
Total monthly$2,300.98$3,025.09$3,076.68
Cash to close$136,048$39,500$39,500