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$67,795$67,795$288,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$220,205$0
Funding fee$339$339$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.456%7.560%
1st payment$442.45$442.45$1,978.36
2nd payment$0.00$1,422.15$0.00
Taxes / mo$61.50$61.50$61.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$653.95$2,076.10$2,247.46
Cash to close$252,205$32,000$32,000