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$277,619$277,619$359,999
Remaining term (yrs)26.926.930.0
Secondary amount$0$82,380$0
Funding fee$1,388$1,388$0
Note rate6.780%6.780%7.320%
Blended rate6.780%7.288%7.560%
1st payment$1,867.85$1,867.85$2,472.94
2nd payment$0.00$617.85$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$656.00$656.00$656.00
Total monthly$3,007.19$3,625.04$3,684.28
Cash to close$122,380$40,000$40,000