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$259,097$259,097$283,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$40,153$0
Funding fee$1,295$1,295$0
Note rate6.420%6.420%7.320%
Blended rate6.420%7.152%7.560%
1st payment$1,699.27$1,699.27$1,947.45
2nd payment$0.00$397.35$0.00
Taxes / mo$186.92$186.92$186.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,036.18$2,433.53$2,341.06
Cash to close$55,903$15,750$31,500