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$265,046$265,046$422,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$157,864$0
Funding fee$1,325$1,325$0
Note rate6.470%6.470%7.400%
Blended rate6.470%7.041%7.640%
1st payment$1,709.77$1,709.77$2,928.14
2nd payment$0.00$1,052.43$0.00
Taxes / mo$242.58$242.58$242.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$84.58
HOA / mo$95.00$95.00$95.00
Total monthly$2,214.02$3,266.44$3,516.98
Cash to close$204,854$46,990$46,990