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$247,478$247,478$261,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$28,022$0
Funding fee$1,237$1,237$0
Note rate6.670%6.670%7.400%
Blended rate6.670%7.199%7.640%
1st payment$1,640.39$1,640.39$1,807.11
2nd payment$0.00$277.30$0.00
Taxes / mo$309.58$309.58$309.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,099.97$2,377.27$2,318.89
Cash to close$42,522$14,500$29,000