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$267,478$267,478$301,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$34,022$0
Funding fee$1,337$1,337$0
Note rate6.670%6.670%7.400%
Blended rate6.670%6.933%7.640%
1st payment$1,784.57$1,784.57$2,087.53
2nd payment$0.00$255.16$0.00
Taxes / mo$504.83$504.83$504.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$68.17$68.17$68.17
Total monthly$2,507.58$2,762.74$2,870.83
Cash to close$67,522$33,500$33,500