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$294,651$294,651$341,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$47,259$0
Funding fee$1,473$1,473$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.751%7.640%
1st payment$1,917.67$1,917.67$2,367.32
2nd payment$0.00$354.44$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,459.34$2,813.78$2,977.36
Cash to close$85,249$37,990$37,990