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$273,771$273,771$359,910
Remaining term (yrs)28.128.130.0
Secondary amount$0$86,139$0
Funding fee$1,369$1,369$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.395%7.640%
1st payment$1,835.44$1,835.44$2,491.94
2nd payment$0.00$646.04$0.00
Taxes / mo$97.67$97.67$97.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,083.10$2,729.14$2,811.59
Cash to close$126,129$39,990$39,990