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$268,825$268,825$278,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$25,580$0
Funding fee$1,344$1,344$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.867%7.640%
1st payment$1,749.58$1,749.58$1,931.12
2nd payment$0.00$253.14$0.00
Taxes / mo$475.00$475.00$475.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,374.58$2,627.72$2,611.90
Cash to close$41,075$15,495$30,990