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$309,885$309,885$319,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$27,365$0
Funding fee$1,549$1,549$0
Note rate6.770%6.770%7.320%
Blended rate6.770%7.184%7.560%
1st payment$2,069.79$2,069.79$2,194.74
2nd payment$0.00$270.80$0.00
Taxes / mo$520.93$520.93$520.93
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,740.71$3,011.51$2,929.57
Cash to close$45,115$17,750$35,500