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$285,365$285,365$305,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$36,685$0
Funding fee$1,427$1,427$0
Note rate6.540%6.540%7.400%
Blended rate6.540%7.148%7.640%
1st payment$1,886.62$1,886.62$2,112.45
2nd payment$0.00$363.03$0.00
Taxes / mo$104.99$104.99$104.99
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.02
HOA / mo$115.00$115.00$115.00
Total monthly$2,256.61$2,619.64$2,543.46
Cash to close$53,635$16,950$33,900