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$315,714$315,714$405,000
Remaining term (yrs)29.829.830.0
Secondary amount$0$89,286$0
Funding fee$1,579$1,579$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.051%7.640%
1st payment$1,997.33$1,997.33$2,804.14
2nd payment$0.00$669.64$0.00
Taxes / mo$20.50$20.50$20.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,167.83$2,837.48$3,055.64
Cash to close$134,286$45,000$45,000