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$278,751$278,751$288,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$25,249$0
Funding fee$1,394$1,394$0
Note rate6.880%6.880%7.400%
Blended rate6.880%7.295%7.640%
1st payment$1,879.90$1,879.90$1,994.05
2nd payment$0.00$249.86$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$50.00$50.00$50.00
Total monthly$2,346.57$2,596.43$2,518.32
Cash to close$41,249$16,000$32,000