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$256,943$256,943$332,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$75,967$0
Funding fee$1,285$1,285$0
Note rate6.670%6.670%7.320%
Blended rate6.670%7.202%7.560%
1st payment$1,672.55$1,672.55$2,286.86
2nd payment$0.00$569.75$0.00
Taxes / mo$371.21$371.21$371.21
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,193.77$2,763.52$2,874.66
Cash to close$112,957$36,990$36,990