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$282,498$282,498$306,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$40,502$0
Funding fee$1,412$1,412$0
Note rate6.580%6.580%7.320%
Blended rate6.580%7.244%7.560%
1st payment$1,822.26$1,822.26$2,102.01
2nd payment$0.00$400.80$0.00
Taxes / mo$180.42$180.42$180.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,152.68$2,553.48$2,493.62
Cash to close$57,502$17,000$34,000