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$304,921$304,921$397,800
Remaining term (yrs)16.516.530.0
Secondary amount$0$92,879$0
Funding fee$1,525$1,525$0
Note rate6.320%6.320%7.400%
Blended rate6.320%6.946%7.640%
1st payment$2,469.65$2,469.65$2,754.29
2nd payment$0.00$696.59$0.00
Taxes / mo$693.25$693.25$693.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.56
HOA / mo$124.67$124.67$124.67
Total monthly$3,437.57$4,134.16$3,801.77
Cash to close$137,079$44,200$44,200