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$307,368$307,368$404,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$97,542$0
Funding fee$1,537$1,537$0
Note rate6.770%6.770%7.400%
Blended rate6.770%7.307%7.640%
1st payment$2,020.98$2,020.98$2,803.52
2nd payment$0.00$731.56$0.00
Taxes / mo$45.83$45.83$45.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.98
HOA / mo$63.00$63.00$63.00
Total monthly$2,279.82$3,011.38$3,143.33
Cash to close$142,532$44,990$44,990