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$313,136$313,136$337,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$43,114$0
Funding fee$1,566$1,566$0
Note rate5.300%5.300%7.400%
Blended rate5.300%6.096%7.640%
1st payment$1,848.30$1,848.30$2,336.78
2nd payment$0.00$426.65$0.00
Taxes / mo$65.50$65.50$65.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,063.80$2,490.45$2,619.78
Cash to close$61,864$18,750$37,500