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$291,077$291,077$373,500
Remaining term (yrs)28.128.130.0
Secondary amount$0$82,423$0
Funding fee$1,455$1,455$0
Note rate6.440%6.440%7.240%
Blended rate6.440%7.005%7.480%
1st payment$1,866.17$1,866.17$2,545.40
2nd payment$0.00$618.17$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,362.00$2,980.17$3,115.93
Cash to close$123,923$41,500$41,500