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$303,626$303,626$391,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$87,874$0
Funding fee$1,518$1,518$0
Note rate6.020%6.020%7.400%
Blended rate6.020%6.689%7.640%
1st payment$1,922.68$1,922.68$2,710.67
2nd payment$0.00$659.05$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,435.18$3,094.23$3,301.47
Cash to close$131,374$43,500$43,500