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$264,891$264,891$292,410
Remaining term (yrs)28.128.130.0
Secondary amount$0$27,519$0
Funding fee$1,324$1,324$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.016%7.640%
1st payment$1,762.00$1,762.00$2,024.59
2nd payment$0.00$206.39$0.00
Taxes / mo$339.33$339.33$339.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.48
HOA / mo$35.42$35.42$35.42
Total monthly$2,286.75$2,493.14$2,607.82
Cash to close$60,009$32,490$32,490