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$268,524$268,524$396,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$127,476$0
Funding fee$1,343$1,343$0
Note rate6.740%6.740%7.400%
Blended rate6.740%7.146%7.640%
1st payment$1,788.30$1,788.30$2,741.82
2nd payment$0.00$849.84$0.00
Taxes / mo$150.25$150.25$150.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$17.83$17.83$17.83
Total monthly$2,106.38$2,956.22$3,139.10
Cash to close$171,476$44,000$44,000