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$292,380$292,380$305,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$30,525$0
Funding fee$1,462$1,462$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.008%7.640%
1st payment$1,927.81$1,927.81$2,118.06
2nd payment$0.00$302.07$0.00
Taxes / mo$300.08$300.08$300.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,377.89$2,679.96$2,629.32
Cash to close$47,520$16,995$33,990