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$306,939$306,939$345,600
Remaining term (yrs)27.427.430.0
Secondary amount$0$38,661$0
Funding fee$1,535$1,535$0
Note rate6.630%6.630%7.400%
Blended rate6.630%6.895%7.640%
1st payment$2,024.43$2,024.43$2,392.86
2nd payment$0.00$289.96$0.00
Taxes / mo$36.58$36.58$36.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$69.12
HOA / mo$0.00$0.00$0.00
Total monthly$2,211.01$2,500.97$2,648.57
Cash to close$77,061$38,400$38,400