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$255,199$255,199$369,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$113,801$0
Funding fee$1,276$1,276$0
Note rate6.640%6.640%7.320%
Blended rate6.640%7.059%7.560%
1st payment$1,660.98$1,660.98$2,534.77
2nd payment$0.00$758.67$0.00
Taxes / mo$155.08$155.08$155.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.80
HOA / mo$6.25$6.25$6.25
Total monthly$1,972.31$2,730.98$2,919.91
Cash to close$154,801$41,000$41,000