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$282,618$282,618$310,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$27,882$0
Funding fee$1,413$1,413$0
Note rate6.610%6.610%7.400%
Blended rate6.610%6.825%7.640%
1st payment$1,862.38$1,862.38$2,149.84
2nd payment$0.00$209.11$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$66.67$66.67$66.67
Total monthly$2,366.55$2,575.66$2,716.11
Cash to close$62,382$34,500$34,500