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$282,052$282,052$292,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$26,698$0
Funding fee$1,410$1,410$0
Note rate6.630%6.630%7.400%
Blended rate6.630%7.084%7.640%
1st payment$1,825.14$1,825.14$2,025.21
2nd payment$0.00$264.20$0.00
Taxes / mo$617.33$617.33$617.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$12.50$12.50$12.50
Total monthly$2,604.97$2,869.17$2,863.54
Cash to close$42,948$16,250$32,500