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$255,183$255,183$283,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$28,317$0
Funding fee$1,276$1,276$0
Note rate6.420%6.420%7.320%
Blended rate6.420%6.678%7.560%
1st payment$1,673.60$1,673.60$1,947.45
2nd payment$0.00$212.38$0.00
Taxes / mo$262.50$262.50$262.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,086.10$2,298.48$2,416.65
Cash to close$59,817$31,500$31,500