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$273,057$273,057$342,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$68,943$0
Funding fee$1,365$1,365$0
Note rate6.350%6.350%7.400%
Blended rate6.350%6.884%7.640%
1st payment$1,770.22$1,770.22$2,367.94
2nd payment$0.00$517.07$0.00
Taxes / mo$764.50$764.50$764.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$72.00$72.00$72.00
Total monthly$2,756.72$3,273.79$3,422.84
Cash to close$106,943$38,000$38,000