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$295,761$295,761$315,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$36,739$0
Funding fee$1,479$1,479$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.450%7.640%
1st payment$2,000.50$2,000.50$2,181.00
2nd payment$0.00$363.56$0.00
Taxes / mo$179.17$179.17$179.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$2.50$2.50$2.50
Total monthly$2,332.16$2,695.73$2,575.66
Cash to close$54,239$17,500$35,000