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$284,366$284,366$303,300
Remaining term (yrs)25.525.530.0
Secondary amount$0$35,784$0
Funding fee$1,422$1,422$0
Note rate4.670%4.670%7.320%
Blended rate4.670%5.475%7.560%
1st payment$1,586.17$1,586.17$2,083.46
2nd payment$0.00$354.11$0.00
Taxes / mo$194.25$194.25$194.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$60.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,930.42$2,284.53$2,488.37
Cash to close$52,634$16,850$33,700