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$279,052$279,052$382,499
Remaining term (yrs)28.528.530.0
Secondary amount$0$103,447$0
Funding fee$1,395$1,395$0
Note rate7.040%7.040%7.320%
Blended rate7.040%7.300%7.560%
1st payment$1,889.75$1,889.75$2,627.50
2nd payment$0.00$689.64$0.00
Taxes / mo$135.75$135.75$135.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,175.50$2,865.14$2,989.75
Cash to close$145,947$42,500$42,500