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$279,540$279,540$315,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$35,460$0
Funding fee$1,398$1,398$0
Note rate4.720%4.720%7.400%
Blended rate4.720%5.202%7.640%
1st payment$1,567.32$1,567.32$2,181.00
2nd payment$0.00$265.95$0.00
Taxes / mo$49.75$49.75$49.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,767.07$2,033.02$2,443.75
Cash to close$70,460$35,000$35,000