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$310,724$310,724$370,685
Remaining term (yrs)28.428.430.0
Secondary amount$0$59,961$0
Funding fee$1,554$1,554$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.231%7.640%
1st payment$2,077.25$2,077.25$2,566.55
2nd payment$0.00$449.71$0.00
Taxes / mo$503.25$503.25$503.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.14
HOA / mo$128.33$128.33$128.33
Total monthly$2,858.83$3,308.53$3,422.26
Cash to close$101,148$41,187$41,187