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$289,935$289,935$343,800
Remaining term (yrs)29.129.130.0
Secondary amount$0$53,865$0
Funding fee$1,450$1,450$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.656%7.640%
1st payment$1,795.27$1,795.27$2,380.40
2nd payment$0.00$403.99$0.00
Taxes / mo$187.08$187.08$187.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.76
HOA / mo$450.00$450.00$450.00
Total monthly$2,582.35$2,986.34$3,236.25
Cash to close$92,065$38,200$38,200