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$287,186$287,186$354,600
Remaining term (yrs)26.426.430.0
Secondary amount$0$67,414$0
Funding fee$1,436$1,436$0
Note rate6.320%6.320%7.320%
Blended rate6.320%6.830%7.560%
1st payment$1,860.83$1,860.83$2,435.86
2nd payment$0.00$505.61$0.00
Taxes / mo$278.42$278.42$278.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$70.92
HOA / mo$62.50$62.50$62.50
Total monthly$2,351.75$2,857.35$2,997.69
Cash to close$106,814$39,400$39,400