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$273,724$273,724$359,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$86,186$0
Funding fee$1,369$1,369$0
Note rate6.850%6.850%7.320%
Blended rate6.850%7.365%7.560%
1st payment$1,824.42$1,824.42$2,472.33
2nd payment$0.00$646.40$0.00
Taxes / mo$403.88$403.88$403.88
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$130.00$130.00$130.00
Total monthly$2,508.30$3,154.70$3,228.20
Cash to close$126,176$39,990$39,990