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$303,573$303,573$337,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$33,927$0
Funding fee$1,518$1,518$0
Note rate6.580%6.580%7.320%
Blended rate6.580%6.823%7.560%
1st payment$1,958.20$1,958.20$2,318.39
2nd payment$0.00$254.46$0.00
Taxes / mo$194.50$194.50$194.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,302.70$2,557.16$2,730.39
Cash to close$71,427$37,500$37,500