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$240,184$240,184$310,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$70,226$0
Funding fee$1,201$1,201$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.182%7.640%
1st payment$1,606.63$1,606.63$2,149.22
2nd payment$0.00$526.70$0.00
Taxes / mo$234.42$234.42$234.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,991.04$2,517.74$2,595.71
Cash to close$104,716$34,490$34,490