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$252,350$252,350$265,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,900$0
Funding fee$1,262$1,262$0
Note rate6.640%6.640%7.400%
Blended rate6.640%7.161%7.640%
1st payment$1,664.25$1,664.25$1,838.27
2nd payment$0.00$276.09$0.00
Taxes / mo$229.67$229.67$229.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,043.91$2,320.00$2,271.04
Cash to close$42,650$14,750$29,500