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$311,228$311,228$364,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$53,272$0
Funding fee$1,556$1,556$0
Note rate5.130%5.130%7.400%
Blended rate5.130%5.696%7.640%
1st payment$1,805.54$1,805.54$2,523.72
2nd payment$0.00$399.54$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,132.70$2,532.24$2,923.79
Cash to close$93,772$40,500$40,500