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$250,459$250,459$413,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$163,451$0
Funding fee$1,252$1,252$0
Note rate6.340%6.340%7.400%
Blended rate6.340%6.996%7.640%
1st payment$1,573.38$1,573.38$2,865.83
2nd payment$0.00$1,089.67$0.00
Taxes / mo$0.08$0.08$0.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$82.78
HOA / mo$150.00$150.00$150.00
Total monthly$1,890.13$2,979.80$3,265.36
Cash to close$209,441$45,990$45,990