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$292,457$292,457$337,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$45,043$0
Funding fee$1,462$1,462$0
Note rate6.650%6.650%7.400%
Blended rate6.650%6.964%7.640%
1st payment$1,956.29$1,956.29$2,336.78
2nd payment$0.00$337.82$0.00
Taxes / mo$335.17$335.17$335.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,441.46$2,779.28$2,889.45
Cash to close$82,543$37,500$37,500