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$283,240$283,240$334,800
Remaining term (yrs)29.729.730.0
Secondary amount$0$51,560$0
Funding fee$1,416$1,416$0
Note rate6.360%6.360%7.320%
Blended rate6.360%6.767%7.560%
1st payment$1,767.57$1,767.57$2,299.84
2nd payment$0.00$386.70$0.00
Taxes / mo$418.00$418.00$418.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,335.57$2,722.26$2,934.80
Cash to close$88,760$37,200$37,200