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$306,716$306,716$315,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$25,784$0
Funding fee$1,534$1,534$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.760%7.640%
1st payment$1,994.15$1,994.15$2,181.00
2nd payment$0.00$255.16$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,435.82$2,690.98$2,685.66
Cash to close$43,284$17,500$35,000