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$293,028$293,028$328,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$35,382$0
Funding fee$1,465$1,465$0
Note rate6.150%6.150%7.400%
Blended rate6.150%6.457%7.640%
1st payment$1,869.72$1,869.72$2,273.84
2nd payment$0.00$265.37$0.00
Taxes / mo$155.58$155.58$155.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,175.30$2,440.67$2,645.11
Cash to close$71,872$36,490$36,490