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$296,957$296,957$310,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$30,793$0
Funding fee$1,485$1,485$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.005%7.640%
1st payment$1,915.37$1,915.37$2,149.84
2nd payment$0.00$304.73$0.00
Taxes / mo$126.50$126.50$126.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,191.87$2,496.59$2,488.44
Cash to close$48,043$17,250$34,500