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$250,904$250,904$340,200
Remaining term (yrs)27.827.830.0
Secondary amount$0$89,296$0
Funding fee$1,255$1,255$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.488%7.640%
1st payment$1,698.56$1,698.56$2,355.48
2nd payment$0.00$669.72$0.00
Taxes / mo$315.00$315.00$315.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.04
HOA / mo$0.00$0.00$0.00
Total monthly$2,163.56$2,833.28$2,888.52
Cash to close$127,096$37,800$37,800