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$238,704$238,704$270,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$31,296$0
Funding fee$1,194$1,194$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.073%7.640%
1st payment$1,600.48$1,600.48$1,869.43
2nd payment$0.00$234.72$0.00
Taxes / mo$296.75$296.75$296.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,047.23$2,281.95$2,370.18
Cash to close$61,296$30,000$30,000