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$254,113$254,113$297,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$42,887$0
Funding fee$1,271$1,271$0
Note rate6.500%6.500%7.320%
Blended rate6.500%6.861%7.560%
1st payment$1,630.74$1,630.74$2,040.18
2nd payment$0.00$321.65$0.00
Taxes / mo$214.08$214.08$214.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,994.82$2,316.47$2,463.67
Cash to close$75,887$33,000$33,000