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$289,112$289,112$481,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$192,388$0
Funding fee$1,446$1,446$0
Note rate6.990%6.990%7.320%
Blended rate6.990%7.394%7.560%
1st payment$1,966.73$1,966.73$3,307.57
2nd payment$0.00$1,282.59$0.00
Taxes / mo$1,138.93$1,138.93$1,138.93
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.30
HOA / mo$70.00$70.00$70.00
Total monthly$3,342.33$4,624.92$4,779.47
Cash to close$245,888$53,500$53,500