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$281,124$281,124$324,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$42,876$0
Funding fee$1,406$1,406$0
Note rate6.480%6.480%7.400%
Blended rate6.480%6.813%7.640%
1st payment$1,854.41$1,854.41$2,243.31
2nd payment$0.00$321.57$0.00
Taxes / mo$404.75$404.75$404.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$398.00$398.00$398.00
Total monthly$2,807.16$3,128.73$3,260.86
Cash to close$78,876$36,000$36,000