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$293,618$293,618$378,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$84,382$0
Funding fee$1,468$1,468$0
Note rate6.460%6.460%7.400%
Blended rate6.460%7.027%7.640%
1st payment$1,888.21$1,888.21$2,617.20
2nd payment$0.00$632.87$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,388.21$3,021.08$3,192.80
Cash to close$126,382$42,000$42,000