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$263,165$263,165$280,800
Remaining term (yrs)28.328.330.0
Secondary amount$0$33,235$0
Funding fee$1,316$1,316$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.103%7.640%
1st payment$1,693.94$1,693.94$1,944.20
2nd payment$0.00$328.88$0.00
Taxes / mo$38.00$38.00$38.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.16
HOA / mo$0.00$0.00$0.00
Total monthly$1,881.94$2,210.83$2,188.36
Cash to close$48,835$15,600$31,200