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$281,523$281,523$359,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$77,577$0
Funding fee$1,408$1,408$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.260%7.640%
1st payment$1,870.78$1,870.78$2,486.34
2nd payment$0.00$581.83$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$16.67$16.67$16.67
Total monthly$2,369.95$2,951.78$3,057.33
Cash to close$117,477$39,900$39,900