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$302,325$302,325$319,499
Remaining term (yrs)27.827.830.0
Secondary amount$0$34,925$0
Funding fee$1,512$1,512$0
Note rate6.870%6.870%7.320%
Blended rate6.870%7.388%7.560%
1st payment$2,030.81$2,030.81$2,194.74
2nd payment$0.00$345.61$0.00
Taxes / mo$121.92$121.92$121.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,302.72$2,648.33$2,530.55
Cash to close$52,674$17,750$35,500