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$310,891$310,891$319,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,359$0
Funding fee$1,554$1,554$0
Note rate4.750%4.750%7.400%
Blended rate4.750%5.307%7.640%
1st payment$1,737.03$1,737.03$2,212.15
2nd payment$0.00$260.84$0.00
Taxes / mo$217.08$217.08$217.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$44.33$44.33$44.33
Total monthly$2,148.45$2,409.29$2,687.47
Cash to close$44,109$17,750$35,500