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$310,240$310,240$373,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$63,260$0
Funding fee$1,551$1,551$0
Note rate5.510%5.510%7.400%
Blended rate5.510%6.101%7.640%
1st payment$1,875.77$1,875.77$2,586.04
2nd payment$0.00$474.45$0.00
Taxes / mo$126.50$126.50$126.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,152.27$2,626.73$2,937.24
Cash to close$104,760$41,500$41,500