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$283,232$283,232$316,800
Remaining term (yrs)26.426.430.0
Secondary amount$0$33,568$0
Funding fee$1,416$1,416$0
Note rate6.420%6.420%7.400%
Blended rate6.420%6.693%7.640%
1st payment$1,855.33$1,855.33$2,193.46
2nd payment$0.00$251.76$0.00
Taxes / mo$540.08$540.08$540.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.36
HOA / mo$33.50$33.50$33.50
Total monthly$2,578.91$2,830.67$2,980.40
Cash to close$68,768$35,200$35,200