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$291,333$291,333$305,910
Remaining term (yrs)27.927.930.0
Secondary amount$0$31,572$0
Funding fee$1,457$1,457$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.026%7.640%
1st payment$1,883.00$1,883.00$2,118.06
2nd payment$0.00$312.43$0.00
Taxes / mo$107.25$107.25$107.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,140.25$2,452.68$2,436.49
Cash to close$48,567$16,995$33,990