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$253,505$253,505$265,410
Remaining term (yrs)26.726.730.0
Secondary amount$0$26,650$0
Funding fee$1,268$1,268$0
Note rate6.790%6.790%7.400%
Blended rate6.790%7.274%7.640%
1st payment$1,712.81$1,712.81$1,837.65
2nd payment$0.00$263.72$0.00
Taxes / mo$2.25$2.25$2.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,865.06$2,128.79$2,042.98
Cash to close$41,395$14,745$29,490