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$293,024$293,024$342,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$48,976$0
Funding fee$1,465$1,465$0
Note rate5.810%5.810%7.320%
Blended rate5.810%6.267%7.560%
1st payment$1,822.58$1,822.58$2,349.30
2nd payment$0.00$367.32$0.00
Taxes / mo$316.67$316.67$316.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,289.24$2,656.57$2,884.37
Cash to close$86,976$38,000$38,000