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$263,004$263,004$312,750
Remaining term (yrs)26.526.530.0
Secondary amount$0$49,746$0
Funding fee$1,315$1,315$0
Note rate6.090%6.090%7.400%
Blended rate6.090%6.553%7.640%
1st payment$1,664.10$1,664.10$2,165.42
2nd payment$0.00$373.10$0.00
Taxes / mo$36.00$36.00$36.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.55
HOA / mo$0.00$0.00$0.00
Total monthly$1,850.10$2,223.20$2,413.97
Cash to close$84,496$34,750$34,750