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$306,350$306,350$333,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$26,650$0
Funding fee$1,532$1,532$0
Note rate6.480%6.480%7.320%
Blended rate6.480%6.682%7.560%
1st payment$2,018.41$2,018.41$2,287.48
2nd payment$0.00$199.88$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,476.74$2,676.62$2,812.41
Cash to close$63,650$37,000$37,000