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$315,006$315,006$323,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$26,899$0
Funding fee$1,575$1,575$0
Note rate5.700%5.700%7.320%
Blended rate5.700%6.186%7.560%
1st payment$1,940.86$1,940.86$2,225.04
2nd payment$0.00$266.19$0.00
Taxes / mo$406.25$406.25$406.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$12.00$12.00$12.00
Total monthly$2,509.11$2,775.30$2,858.07
Cash to close$44,894$17,995$35,990