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$256,429$256,429$351,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$94,571$0
Funding fee$1,282$1,282$0
Note rate6.730%6.730%7.320%
Blended rate6.730%7.342%7.560%
1st payment$1,699.08$1,699.08$2,411.13
2nd payment$0.00$709.28$0.00
Taxes / mo$590.08$590.08$590.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.20
HOA / mo$686.00$686.00$686.00
Total monthly$3,125.17$3,834.45$3,907.41
Cash to close$133,571$39,000$39,000