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$311,646$311,646$355,500
Remaining term (yrs)27.427.430.0
Secondary amount$0$43,854$0
Funding fee$1,558$1,558$0
Note rate6.940%6.940%7.320%
Blended rate6.940%7.194%7.560%
1st payment$2,116.09$2,116.09$2,442.04
2nd payment$0.00$328.91$0.00
Taxes / mo$191.83$191.83$191.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$71.10
HOA / mo$568.00$568.00$568.00
Total monthly$3,025.92$3,354.82$3,422.97
Cash to close$83,354$39,500$39,500