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$271,769$271,769$283,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$27,481$0
Funding fee$1,359$1,359$0
Note rate6.470%6.470%7.320%
Blended rate6.470%6.966%7.560%
1st payment$1,751.29$1,751.29$1,947.45
2nd payment$0.00$271.95$0.00
Taxes / mo$153.50$153.50$153.50
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$2,054.79$2,326.74$2,307.65
Cash to close$43,231$15,750$31,500