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$301,513$301,513$310,500
Remaining term (yrs)28.728.730.0
Secondary amount$0$26,237$0
Funding fee$1,508$1,508$0
Note rate6.620%6.620%7.320%
Blended rate6.620%7.041%7.560%
1st payment$1,954.68$1,954.68$2,132.92
2nd payment$0.00$259.63$0.00
Taxes / mo$287.50$287.50$287.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,392.18$2,651.81$2,632.52
Cash to close$43,487$17,250$34,500