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$247,538$247,538$310,500
Remaining term (yrs)29.729.730.0
Secondary amount$0$62,962$0
Funding fee$1,238$1,238$0
Note rate6.360%6.360%7.400%
Blended rate6.360%6.895%7.640%
1st payment$1,544.77$1,544.77$2,149.84
2nd payment$0.00$472.21$0.00
Taxes / mo$304.67$304.67$304.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,999.43$2,471.65$2,666.61
Cash to close$97,462$34,500$34,500