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$305,209$305,209$387,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$81,791$0
Funding fee$1,526$1,526$0
Note rate5.700%5.700%7.400%
Blended rate5.700%6.397%7.640%
1st payment$1,880.50$1,880.50$2,679.51
2nd payment$0.00$613.43$0.00
Taxes / mo$150.00$150.00$150.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,180.50$2,793.93$3,056.91
Cash to close$124,791$43,000$43,000