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$271,954$271,954$323,100
Remaining term (yrs)29.929.930.0
Secondary amount$0$51,146$0
Funding fee$1,360$1,360$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.896%7.640%
1st payment$1,720.49$1,720.49$2,237.08
2nd payment$0.00$383.60$0.00
Taxes / mo$299.17$299.17$299.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.62
HOA / mo$422.00$422.00$422.00
Total monthly$2,591.66$2,975.25$3,172.87
Cash to close$87,046$35,900$35,900