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$288,365$288,365$306,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$34,635$0
Funding fee$1,442$1,442$0
Note rate6.390%6.390%7.400%
Blended rate6.390%6.978%7.640%
1st payment$1,874.55$1,874.55$2,118.68
2nd payment$0.00$342.74$0.00
Taxes / mo$106.83$106.83$106.83
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$2,131.39$2,474.13$2,436.72
Cash to close$51,635$17,000$34,000