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$282,688$282,688$295,200
Remaining term (yrs)28.928.930.0
Secondary amount$0$28,912$0
Funding fee$1,413$1,413$0
Note rate6.720%6.720%7.320%
Blended rate6.720%7.198%7.560%
1st payment$1,847.68$1,847.68$2,027.82
2nd payment$0.00$286.11$0.00
Taxes / mo$180.75$180.75$180.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.04
HOA / mo$0.00$0.00$0.00
Total monthly$2,178.43$2,464.54$2,417.61
Cash to close$45,312$16,400$32,800