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$277,870$277,870$324,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$46,130$0
Funding fee$1,389$1,389$0
Note rate6.350%6.350%7.320%
Blended rate6.350%6.727%7.560%
1st payment$1,769.17$1,769.17$2,225.66
2nd payment$0.00$345.97$0.00
Taxes / mo$771.75$771.75$771.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,690.92$3,036.89$3,212.21
Cash to close$82,130$36,000$36,000