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$248,214$248,214$260,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$27,191$0
Funding fee$1,241$1,241$0
Note rate7.230%7.230%7.400%
Blended rate7.230%7.689%7.640%
1st payment$1,742.90$1,742.90$1,806.49
2nd payment$0.00$269.08$0.00
Taxes / mo$168.25$168.25$168.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,061.15$2,330.23$2,176.92
Cash to close$41,686$14,495$28,990