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$259,117$259,117$288,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$28,883$0
Funding fee$1,296$1,296$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.156%7.640%
1st payment$1,754.16$1,754.16$1,994.05
2nd payment$0.00$216.62$0.00
Taxes / mo$228.00$228.00$228.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$267.00$267.00$267.00
Total monthly$2,399.16$2,615.78$2,696.65
Cash to close$60,883$32,000$32,000