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$277,127$277,127$346,499
Remaining term (yrs)27.427.430.0
Secondary amount$0$69,372$0
Funding fee$1,386$1,386$0
Note rate6.640%6.640%7.400%
Blended rate6.640%7.112%7.640%
1st payment$1,827.65$1,827.65$2,399.09
2nd payment$0.00$520.29$0.00
Taxes / mo$473.25$473.25$473.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$105.00$105.00$105.00
Total monthly$2,555.90$3,076.19$3,196.64
Cash to close$107,872$38,500$38,500