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$261,552$261,552$287,100
Remaining term (yrs)27.827.830.0
Secondary amount$0$25,548$0
Funding fee$1,308$1,308$0
Note rate6.920%6.920%7.320%
Blended rate6.920%7.105%7.560%
1st payment$1,763.77$1,763.77$1,972.18
2nd payment$0.00$191.61$0.00
Taxes / mo$302.00$302.00$302.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$57.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,215.77$2,407.38$2,481.60
Cash to close$57,448$31,900$31,900