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$289,039$289,039$359,999
Remaining term (yrs)27.527.530.0
Secondary amount$0$70,960$0
Funding fee$1,445$1,445$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.250%7.640%
1st payment$1,937.97$1,937.97$2,492.56
2nd payment$0.00$532.20$0.00
Taxes / mo$161.92$161.92$161.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,249.88$2,782.09$2,876.48
Cash to close$110,960$40,000$40,000