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$249,419$249,419$360,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$110,581$0
Funding fee$1,247$1,247$0
Note rate6.280%6.280%7.320%
Blended rate6.280%6.808%7.560%
1st payment$1,605.94$1,605.94$2,472.95
2nd payment$0.00$737.21$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,089.27$2,826.48$3,028.28
Cash to close$150,581$40,000$40,000