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$237,429$237,429$315,000
Remaining term (yrs)16.616.630.0
Secondary amount$0$77,571$0
Funding fee$1,187$1,187$0
Note rate6.280%6.280%7.320%
Blended rate6.280%6.950%7.560%
1st payment$1,912.29$1,912.29$2,163.83
2nd payment$0.00$581.79$0.00
Taxes / mo$25.00$25.00$25.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,087.29$2,669.08$2,401.83
Cash to close$112,571$35,000$35,000