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$240,197$240,197$265,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$25,303$0
Funding fee$1,201$1,201$0
Note rate6.770%6.770%7.400%
Blended rate6.770%6.983%7.640%
1st payment$1,579.33$1,579.33$1,838.27
2nd payment$0.00$189.77$0.00
Taxes / mo$89.75$89.75$89.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,819.08$2,008.85$2,131.12
Cash to close$54,803$29,500$29,500