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$307,822$307,822$333,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$25,178$0
Funding fee$1,539$1,539$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.689%7.640%
1st payment$1,965.73$1,965.73$2,305.62
2nd payment$0.00$188.83$0.00
Taxes / mo$385.50$385.50$385.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$11.67$11.67$11.67
Total monthly$2,512.90$2,701.73$2,919.39
Cash to close$62,178$37,000$37,000