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$306,696$306,696$337,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$30,804$0
Funding fee$1,533$1,533$0
Note rate6.750%6.750%7.400%
Blended rate6.750%6.955%7.640%
1st payment$2,010.65$2,010.65$2,336.78
2nd payment$0.00$231.03$0.00
Taxes / mo$69.33$69.33$69.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,229.99$2,461.02$2,623.62
Cash to close$68,304$37,500$37,500