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$257,551$257,551$287,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$30,359$0
Funding fee$1,288$1,288$0
Note rate6.200%6.200%7.400%
Blended rate6.200%6.495%7.640%
1st payment$1,613.34$1,613.34$1,993.43
2nd payment$0.00$227.69$0.00
Taxes / mo$201.33$201.33$201.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,964.67$2,192.36$2,402.35
Cash to close$62,349$31,990$31,990