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$295,317$295,317$310,500
Remaining term (yrs)29.629.630.0
Secondary amount$0$32,433$0
Funding fee$1,477$1,477$0
Note rate6.300%6.300%7.320%
Blended rate6.300%6.852%7.560%
1st payment$1,833.13$1,833.13$2,132.92
2nd payment$0.00$320.95$0.00
Taxes / mo$432.08$432.08$432.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$297.67$297.67$297.67
Total monthly$2,712.88$3,033.83$3,074.77
Cash to close$49,683$17,250$34,500