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$275,069$275,069$413,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$138,031$0
Funding fee$1,375$1,375$0
Note rate6.620%6.620%7.400%
Blended rate6.620%7.081%7.640%
1st payment$1,784.97$1,784.97$2,860.22
2nd payment$0.00$920.21$0.00
Taxes / mo$417.42$417.42$417.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.62
HOA / mo$265.00$265.00$265.00
Total monthly$2,634.05$3,554.26$3,791.92
Cash to close$183,931$45,900$45,900