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$273,339$273,339$314,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$41,571$0
Funding fee$1,367$1,367$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.169%7.640%
1st payment$1,829.05$1,829.05$2,180.37
2nd payment$0.00$311.78$0.00
Taxes / mo$291.58$291.58$291.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$605.00$605.00$605.00
Total monthly$2,875.63$3,187.41$3,289.94
Cash to close$76,561$34,990$34,990