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$303,367$303,367$565,920
Remaining term (yrs)28.928.930.0
Secondary amount$0$262,553$0
Funding fee$1,517$1,517$0
Note rate6.500%6.500%7.320%
Blended rate6.500%7.080%7.560%
1st payment$1,937.28$1,937.28$3,887.48
2nd payment$0.00$1,695.65$0.00
Taxes / mo$524.00$524.00$524.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.18
HOA / mo$250.00$250.00$250.00
Total monthly$2,877.95$4,573.60$4,941.33
Cash to close$325,433$62,880$62,880