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$264,810$264,810$317,700
Remaining term (yrs)28.828.830.0
Secondary amount$0$52,890$0
Funding fee$1,324$1,324$0
Note rate6.770%6.770%7.320%
Blended rate6.770%7.141%7.560%
1st payment$1,741.16$1,741.16$2,182.38
2nd payment$0.00$396.68$0.00
Taxes / mo$171.83$171.83$171.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.54
HOA / mo$100.00$100.00$100.00
Total monthly$2,162.99$2,559.67$2,667.75
Cash to close$88,190$35,300$35,300