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$244,275$244,275$274,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$30,225$0
Funding fee$1,221$1,221$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.167%7.560%
1st payment$1,658.64$1,658.64$1,885.62
2nd payment$0.00$226.69$0.00
Taxes / mo$311.33$311.33$311.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$220.00$220.00$220.00
Total monthly$2,339.97$2,566.66$2,621.86
Cash to close$60,725$30,500$30,500