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$316,270$316,270$368,550
Remaining term (yrs)25.925.930.0
Secondary amount$0$52,280$0
Funding fee$1,581$1,581$0
Note rate5.780%5.780%7.320%
Blended rate5.780%6.237%7.560%
1st payment$1,961.36$1,961.36$2,531.68
2nd payment$0.00$392.10$0.00
Taxes / mo$341.25$341.25$341.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$73.71
HOA / mo$0.00$0.00$0.00
Total monthly$2,452.61$2,844.71$3,096.64
Cash to close$93,230$40,950$40,950