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$284,504$284,504$331,200
Remaining term (yrs)27.127.130.0
Secondary amount$0$46,696$0
Funding fee$1,423$1,423$0
Note rate7.790%7.790%7.320%
Blended rate7.790%7.961%7.560%
1st payment$2,100.00$2,100.00$2,275.11
2nd payment$0.00$350.22$0.00
Taxes / mo$65.25$65.25$65.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.24
HOA / mo$229.00$229.00$229.00
Total monthly$2,544.25$2,894.47$2,785.60
Cash to close$83,496$36,800$36,800