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$288,592$288,592$315,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$26,408$0
Funding fee$1,443$1,443$0
Note rate5.550%5.550%7.400%
Blended rate5.550%5.839%7.640%
1st payment$1,746.84$1,746.84$2,181.00
2nd payment$0.00$198.06$0.00
Taxes / mo$593.67$593.67$593.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$28.67$28.67$28.67
Total monthly$2,519.18$2,717.24$3,016.33
Cash to close$61,408$35,000$35,000