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$311,913$311,913$319,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,242$0
Funding fee$1,560$1,560$0
Note rate5.510%5.510%7.400%
Blended rate5.510%5.987%7.640%
1st payment$1,885.89$1,885.89$2,211.53
2nd payment$0.00$249.79$0.00
Taxes / mo$372.08$372.08$372.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.88
HOA / mo$12.92$12.92$12.92
Total monthly$2,420.90$2,670.68$2,810.42
Cash to close$42,987$17,745$35,490