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$303,959$303,959$323,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$37,946$0
Funding fee$1,520$1,520$0
Note rate6.540%6.540%7.400%
Blended rate6.540%7.132%7.640%
1st payment$2,009.55$2,009.55$2,242.69
2nd payment$0.00$375.51$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,251.47$2,626.98$2,549.39
Cash to close$55,941$17,995$35,990