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$272,909$272,909$288,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$31,091$0
Funding fee$1,365$1,365$0
Note rate5.250%5.250%7.400%
Blended rate5.250%5.928%7.640%
1st payment$1,609.98$1,609.98$1,994.05
2nd payment$0.00$307.67$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$13.33$13.33$13.33
Total monthly$2,039.97$2,347.64$2,481.65
Cash to close$47,091$16,000$32,000