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$266,319$266,319$288,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$37,681$0
Funding fee$1,332$1,332$0
Note rate6.630%6.630%7.320%
Blended rate6.630%7.280%7.560%
1st payment$1,723.33$1,723.33$1,978.36
2nd payment$0.00$372.89$0.00
Taxes / mo$608.92$608.92$608.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,482.24$2,855.13$2,794.88
Cash to close$53,681$16,000$32,000