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$285,101$285,101$297,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$28,399$0
Funding fee$1,426$1,426$0
Note rate6.850%6.850%7.320%
Blended rate6.850%7.305%7.560%
1st payment$1,900.25$1,900.25$2,040.18
2nd payment$0.00$281.03$0.00
Taxes / mo$151.00$151.00$151.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$18.25$18.25$18.25
Total monthly$2,219.50$2,500.53$2,418.83
Cash to close$44,899$16,500$33,000