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$282,133$282,133$324,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$41,867$0
Funding fee$1,411$1,411$0
Note rate5.220%5.220%7.400%
Blended rate5.220%5.708%7.640%
1st payment$1,651.83$1,651.83$2,243.31
2nd payment$0.00$314.00$0.00
Taxes / mo$300.00$300.00$300.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$14.17$14.17$14.17
Total monthly$2,116.00$2,430.01$2,772.28
Cash to close$77,867$36,000$36,000