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$291,908$291,908$314,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$40,497$0
Funding fee$1,460$1,460$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.155%7.640%
1st payment$1,981.65$1,981.65$2,180.37
2nd payment$0.00$400.76$0.00
Taxes / mo$392.25$392.25$392.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.98
HOA / mo$595.00$595.00$595.00
Total monthly$3,118.90$3,519.66$3,380.61
Cash to close$57,992$17,495$34,990