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$301,646$301,646$324,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$40,354$0
Funding fee$1,508$1,508$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.408%7.640%
1st payment$2,055.66$2,055.66$2,243.31
2nd payment$0.00$399.34$0.00
Taxes / mo$34.58$34.58$34.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,240.25$2,639.58$2,492.69
Cash to close$58,354$18,000$36,000