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$296,110$296,110$310,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$31,640$0
Funding fee$1,481$1,481$0
Note rate4.990%4.990%7.400%
Blended rate4.990%5.655%7.640%
1st payment$1,695.99$1,695.99$2,149.84
2nd payment$0.00$313.10$0.00
Taxes / mo$772.83$772.83$772.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,618.82$2,931.92$3,134.77
Cash to close$48,890$17,250$34,500