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$249,118$249,118$346,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$97,382$0
Funding fee$1,246$1,246$0
Note rate6.280%6.280%7.400%
Blended rate6.280%7.044%7.640%
1st payment$1,605.94$1,605.94$2,399.10
2nd payment$0.00$730.36$0.00
Taxes / mo$557.08$557.08$557.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.30
HOA / mo$38.33$38.33$38.33
Total monthly$2,351.35$3,081.72$3,213.81
Cash to close$135,882$38,500$38,500