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$306,522$306,522$328,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$40,228$0
Funding fee$1,533$1,533$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.468%7.640%
1st payment$2,041.56$2,041.56$2,274.47
2nd payment$0.00$398.09$0.00
Taxes / mo$508.39$508.39$508.39
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$8.92$8.92$8.92
Total monthly$2,708.87$3,106.96$3,007.48
Cash to close$58,478$18,250$36,500