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$275,781$275,781$445,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$169,719$0
Funding fee$1,379$1,379$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.071%7.640%
1st payment$1,769.79$1,769.79$3,084.55
2nd payment$0.00$1,131.46$0.00
Taxes / mo$135.25$135.25$135.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,071.71$3,203.17$3,475.57
Cash to close$219,219$49,500$49,500