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$296,540$296,540$477,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$180,460$0
Funding fee$1,483$1,483$0
Note rate6.770%6.770%7.320%
Blended rate6.770%7.235%7.560%
1st payment$1,949.78$1,949.78$3,276.66
2nd payment$0.00$1,203.07$0.00
Taxes / mo$727.07$727.07$727.07
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$10.67$10.67$10.67
Total monthly$2,854.19$4,057.26$4,276.47
Cash to close$233,460$53,000$53,000