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$246,344$246,344$260,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$28,206$0
Funding fee$1,232$1,232$0
Note rate6.650%6.650%7.320%
Blended rate6.650%7.187%7.560%
1st payment$1,604.95$1,604.95$1,786.71
2nd payment$0.00$279.12$0.00
Taxes / mo$162.92$162.92$162.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$52.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,917.87$2,196.99$2,151.64
Cash to close$42,656$14,450$28,900