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$240,447$240,447$296,910
Remaining term (yrs)28.228.230.0
Secondary amount$0$56,463$0
Funding fee$1,202$1,202$0
Note rate6.840%6.840%7.320%
Blended rate6.840%7.251%7.560%
1st payment$1,602.58$1,602.58$2,039.57
2nd payment$0.00$423.47$0.00
Taxes / mo$60.92$60.92$60.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,813.49$2,236.97$2,309.86
Cash to close$89,453$32,990$32,990