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$291,077$291,077$364,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$73,423$0
Funding fee$1,455$1,455$0
Note rate6.440%6.440%7.400%
Blended rate6.440%6.956%7.640%
1st payment$1,866.17$1,866.17$2,523.72
2nd payment$0.00$550.67$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,353.67$2,904.34$3,084.12
Cash to close$113,923$40,500$40,500