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$241,885$241,885$337,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$95,615$0
Funding fee$1,209$1,209$0
Note rate7.060%7.060%7.400%
Blended rate7.060%7.610%7.640%
1st payment$1,656.61$1,656.61$2,336.78
2nd payment$0.00$717.11$0.00
Taxes / mo$572.00$572.00$572.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$400.00$400.00$400.00
Total monthly$2,778.61$3,495.72$3,526.28
Cash to close$133,115$37,500$37,500