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$266,729$266,729$279,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$27,771$0
Funding fee$1,334$1,334$0
Note rate6.460%6.460%7.400%
Blended rate6.460%6.971%7.640%
1st payment$1,720.73$1,720.73$1,931.74
2nd payment$0.00$274.82$0.00
Taxes / mo$204.67$204.67$204.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,075.40$2,350.21$2,342.21
Cash to close$43,271$15,500$31,000