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$301,402$301,402$323,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$40,503$0
Funding fee$1,507$1,507$0
Note rate6.330%6.330%7.400%
Blended rate6.330%6.987%7.640%
1st payment$1,962.01$1,962.01$2,242.69
2nd payment$0.00$400.81$0.00
Taxes / mo$107.75$107.75$107.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,219.76$2,620.57$2,565.22
Cash to close$58,498$17,995$35,990