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$6,515$6,515$252,000
Remaining term (yrs)1.31.330.0
Secondary amount$0$245,485$0
Funding fee$33$33$0
Note rate7.030%7.030%7.400%
Blended rate7.030%7.731%7.640%
1st payment$403.73$403.73$1,744.80
2nd payment$0.00$1,585.43$0.00
Taxes / mo$273.50$273.50$273.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$50.40
HOA / mo$0.00$0.00$0.00
Total monthly$827.23$2,412.65$2,218.70
Cash to close$273,485$28,000$28,000