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$318,702$318,702$377,910
Remaining term (yrs)25.625.630.0
Secondary amount$0$59,208$0
Funding fee$1,594$1,594$0
Note rate5.000%5.000%7.240%
Blended rate5.000%5.627%7.480%
1st payment$1,835.92$1,835.92$2,575.45
2nd payment$0.00$444.06$0.00
Taxes / mo$349.92$349.92$349.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,335.84$2,779.90$3,150.95
Cash to close$101,198$41,990$41,990