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$263,312$263,312$378,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$114,688$0
Funding fee$1,317$1,317$0
Note rate6.120%6.120%7.400%
Blended rate6.120%6.690%7.640%
1st payment$1,673.08$1,673.08$2,617.20
2nd payment$0.00$764.59$0.00
Taxes / mo$609.00$609.00$609.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$57.50$57.50$57.50
Total monthly$2,489.58$3,254.16$3,509.30
Cash to close$156,688$42,000$42,000