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$285,228$285,228$342,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$56,772$0
Funding fee$1,426$1,426$0
Note rate6.150%6.150%7.320%
Blended rate6.150%6.623%7.560%
1st payment$1,749.72$1,749.72$2,349.30
2nd payment$0.00$425.79$0.00
Taxes / mo$95.08$95.08$95.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,994.80$2,420.59$2,662.79
Cash to close$94,772$38,000$38,000