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$297,883$297,883$360,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$62,117$0
Funding fee$1,489$1,489$0
Note rate6.760%6.760%7.320%
Blended rate6.760%7.147%7.560%
1st payment$1,965.96$1,965.96$2,472.95
2nd payment$0.00$465.87$0.00
Taxes / mo$137.50$137.50$137.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$176.00$176.00$176.00
Total monthly$2,429.46$2,895.33$3,008.45
Cash to close$102,117$40,000$40,000