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$277,367$277,367$292,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,383$0
Funding fee$1,387$1,387$0
Note rate5.300%5.300%7.320%
Blended rate5.300%5.968%7.560%
1st payment$1,639.61$1,639.61$2,009.27
2nd payment$0.00$310.56$0.00
Taxes / mo$78.75$78.75$78.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,868.36$2,178.92$2,296.52
Cash to close$47,633$16,250$32,500