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$298,010$298,010$315,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$34,490$0
Funding fee$1,490$1,490$0
Note rate6.490%6.490%7.320%
Blended rate6.490%7.049%7.560%
1st payment$1,924.23$1,924.23$2,163.83
2nd payment$0.00$341.31$0.00
Taxes / mo$461.67$461.67$461.67
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$2,535.90$2,877.21$2,838.50
Cash to close$51,990$17,500$35,000