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$291,494$291,494$301,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$26,756$0
Funding fee$1,457$1,457$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.089%7.640%
1st payment$1,947.63$1,947.63$2,087.53
2nd payment$0.00$264.77$0.00
Taxes / mo$156.00$156.00$156.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,253.63$2,518.40$2,453.83
Cash to close$43,506$16,750$33,500