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$243,007$243,007$301,410
Remaining term (yrs)26.826.830.0
Secondary amount$0$58,403$0
Funding fee$1,215$1,215$0
Note rate6.690%6.690%7.400%
Blended rate6.690%7.138%7.640%
1st payment$1,624.43$1,624.43$2,086.90
2nd payment$0.00$438.02$0.00
Taxes / mo$27.33$27.33$27.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.28
HOA / mo$345.00$345.00$345.00
Total monthly$2,146.76$2,584.79$2,669.52
Cash to close$91,893$33,490$33,490