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$261,440$261,440$287,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$26,470$0
Funding fee$1,307$1,307$0
Note rate6.670%6.670%7.320%
Blended rate6.670%6.884%7.560%
1st payment$1,701.82$1,701.82$1,977.74
2nd payment$0.00$198.53$0.00
Taxes / mo$380.83$380.83$380.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,232.66$2,431.18$2,566.16
Cash to close$58,460$31,990$31,990