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$278,591$278,591$360,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$81,409$0
Funding fee$1,393$1,393$0
Note rate6.920%6.920%7.400%
Blended rate6.920%7.390%7.640%
1st payment$1,920.42$1,920.42$2,492.57
2nd payment$0.00$610.57$0.00
Taxes / mo$261.42$261.42$261.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$51.00$51.00$51.00
Total monthly$2,382.84$2,993.41$3,026.98
Cash to close$121,409$40,000$40,000