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$251,371$251,371$296,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$45,539$0
Funding fee$1,257$1,257$0
Note rate6.880%6.880%7.400%
Blended rate6.880%7.205%7.640%
1st payment$1,696.97$1,696.97$2,055.74
2nd payment$0.00$341.54$0.00
Taxes / mo$144.00$144.00$144.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.38
HOA / mo$35.00$35.00$35.00
Total monthly$2,025.97$2,367.51$2,444.13
Cash to close$78,529$32,990$32,990