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$261,761$261,761$293,400
Remaining term (yrs)29.229.230.0
Secondary amount$0$31,639$0
Funding fee$1,309$1,309$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.520%7.640%
1st payment$1,619.19$1,619.19$2,031.44
2nd payment$0.00$237.29$0.00
Taxes / mo$271.67$271.67$271.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,040.86$2,278.15$2,511.79
Cash to close$64,239$32,600$32,600