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$279,564$279,564$315,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$35,436$0
Funding fee$1,398$1,398$0
Note rate5.000%5.000%7.320%
Blended rate5.000%5.450%7.560%
1st payment$1,610.46$1,610.46$2,163.83
2nd payment$0.00$265.77$0.00
Taxes / mo$59.67$59.67$59.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,820.13$2,085.90$2,436.50
Cash to close$70,436$35,000$35,000