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$278,045$278,045$290,700
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,805$0
Funding fee$1,390$1,390$0
Note rate5.300%5.300%7.400%
Blended rate5.300%5.917%7.640%
1st payment$1,648.56$1,648.56$2,012.75
2nd payment$0.00$285.05$0.00
Taxes / mo$179.08$179.08$179.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.14
HOA / mo$0.00$0.00$0.00
Total monthly$1,977.64$2,262.69$2,399.97
Cash to close$44,955$16,150$32,300