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$359,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$47,872$0
Funding fee$1,556$1,556$0
Note rate5.130%5.130%7.400%
Blended rate5.130%5.646%7.640%
1st payment$1,805.54$1,805.54$2,486.34
2nd payment$0.00$359.04$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,288.04$2,647.07$3,040.66
Cash to close$87,772$39,900$39,900