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$269,006$269,006$332,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$63,094$0
Funding fee$1,345$1,345$0
Note rate6.540%6.540%7.400%
Blended rate6.540%7.007%7.640%
1st payment$1,742.05$1,742.05$2,299.39
2nd payment$0.00$473.20$0.00
Taxes / mo$245.83$245.83$245.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,137.88$2,611.09$2,761.65
Cash to close$99,994$36,900$36,900