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$304,935$304,935$504,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$199,065$0
Funding fee$1,525$1,525$0
Note rate6.790%6.790%7.400%
Blended rate6.790%7.268%7.640%
1st payment$2,038.59$2,038.59$3,489.59
2nd payment$0.00$1,327.10$0.00
Taxes / mo$276.08$276.08$276.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$49.58$49.58$49.58
Total monthly$2,530.92$3,858.02$4,082.72
Cash to close$255,065$56,000$56,000