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$307,495$307,495$405,000
Remaining term (yrs)29.229.230.0
Secondary amount$0$97,505$0
Funding fee$1,537$1,537$0
Note rate6.230%6.230%7.400%
Blended rate6.230%6.897%7.640%
1st payment$1,904.08$1,904.08$2,804.14
2nd payment$0.00$731.29$0.00
Taxes / mo$375.00$375.00$375.00
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$2,429.08$3,160.36$3,410.14
Cash to close$142,505$45,000$45,000