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$257,224$257,224$382,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$125,276$0
Funding fee$1,286$1,286$0
Note rate6.740%6.740%7.320%
Blended rate6.740%7.153%7.560%
1st payment$1,684.63$1,684.63$2,627.51
2nd payment$0.00$835.17$0.00
Taxes / mo$40.67$40.67$40.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,875.29$2,710.47$2,894.68
Cash to close$167,776$42,500$42,500