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$297,120$297,120$315,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$35,380$0
Funding fee$1,486$1,486$0
Note rate5.410%5.410%7.400%
Blended rate5.410%6.098%7.640%
1st payment$1,770.79$1,770.79$2,181.00
2nd payment$0.00$350.12$0.00
Taxes / mo$381.00$381.00$381.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,301.79$2,651.91$2,775.00
Cash to close$52,880$17,500$35,000