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$247,248$247,248$260,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$28,157$0
Funding fee$1,236$1,236$0
Note rate6.990%6.990%7.320%
Blended rate6.990%7.489%7.560%
1st payment$1,672.33$1,672.33$1,792.27
2nd payment$0.00$278.64$0.00
Taxes / mo$270.92$270.92$270.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,093.25$2,371.89$2,265.37
Cash to close$42,652$14,495$28,990