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$297,767$297,767$382,410
Remaining term (yrs)28.928.930.0
Secondary amount$0$84,643$0
Funding fee$1,489$1,489$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.053%7.560%
1st payment$1,903.37$1,903.37$2,626.89
2nd payment$0.00$634.82$0.00
Taxes / mo$81.00$81.00$81.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.48
HOA / mo$62.33$62.33$62.33
Total monthly$2,196.70$2,831.52$2,996.70
Cash to close$127,133$42,490$42,490