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$243,041$243,041$288,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$44,959$0
Funding fee$1,215$1,215$0
Note rate6.110%6.110%7.320%
Blended rate6.110%6.561%7.560%
1st payment$1,480.20$1,480.20$1,978.36
2nd payment$0.00$337.19$0.00
Taxes / mo$137.83$137.83$137.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,768.04$2,105.23$2,323.79
Cash to close$76,959$32,000$32,000