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$301,454$301,454$311,400
Remaining term (yrs)25.925.930.0
Secondary amount$0$27,246$0
Funding fee$1,507$1,507$0
Note rate6.660%6.660%7.400%
Blended rate6.660%7.092%7.640%
1st payment$2,032.56$2,032.56$2,156.07
2nd payment$0.00$269.63$0.00
Taxes / mo$148.03$148.03$148.03
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.28
HOA / mo$90.00$90.00$90.00
Total monthly$2,420.59$2,690.22$2,606.38
Cash to close$44,546$17,300$34,600