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$275,407$275,407$305,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$30,503$0
Funding fee$1,377$1,377$0
Note rate4.980%4.980%7.400%
Blended rate4.980%5.381%7.640%
1st payment$1,583.29$1,583.29$2,118.06
2nd payment$0.00$228.77$0.00
Taxes / mo$42.83$42.83$42.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$417.00$417.00$417.00
Total monthly$2,193.12$2,421.89$2,789.07
Cash to close$64,493$33,990$33,990