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$248,819$248,819$301,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$52,681$0
Funding fee$1,244$1,244$0
Note rate6.150%6.150%7.400%
Blended rate6.150%6.648%7.640%
1st payment$1,587.64$1,587.64$2,087.53
2nd payment$0.00$395.11$0.00
Taxes / mo$208.50$208.50$208.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$30.00$30.00$30.00
Total monthly$1,976.14$2,371.25$2,536.33
Cash to close$86,181$33,500$33,500