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$275,041$275,041$301,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$26,459$0
Funding fee$1,375$1,375$0
Note rate6.610%6.610%7.320%
Blended rate6.610%6.820%7.560%
1st payment$1,812.45$1,812.45$2,071.10
2nd payment$0.00$198.44$0.00
Taxes / mo$176.58$176.58$176.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$356.00$356.00$356.00
Total monthly$2,495.03$2,693.47$2,813.98
Cash to close$59,959$33,500$33,500