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$265,557$265,557$292,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$26,943$0
Funding fee$1,328$1,328$0
Note rate6.720%6.720%7.400%
Blended rate6.720%6.930%7.640%
1st payment$1,749.07$1,749.07$2,025.21
2nd payment$0.00$202.07$0.00
Taxes / mo$538.75$538.75$538.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$63.00$63.00$63.00
Total monthly$2,500.82$2,702.89$2,835.46
Cash to close$59,443$32,500$32,500