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$250,732$250,732$337,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$86,768$0
Funding fee$1,254$1,254$0
Note rate6.870%6.870%7.320%
Blended rate6.870%7.418%7.560%
1st payment$1,671.31$1,671.31$2,318.39
2nd payment$0.00$650.76$0.00
Taxes / mo$185.58$185.58$185.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$463.00$463.00$463.00
Total monthly$2,469.89$3,120.66$3,184.47
Cash to close$124,268$37,500$37,500