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$274,090$274,090$314,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$40,010$0
Funding fee$1,370$1,370$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.159%7.640%
1st payment$1,832.34$1,832.34$2,174.76
2nd payment$0.00$300.08$0.00
Taxes / mo$70.29$70.29$70.29
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,052.63$2,352.71$2,457.87
Cash to close$74,910$34,900$34,900