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$331,350$331,350$418,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$87,150$0
Funding fee$1,657$1,657$0
Note rate6.890%6.890%7.400%
Blended rate6.890%7.329%7.640%
1st payment$2,217.23$2,217.23$2,897.61
2nd payment$0.00$653.62$0.00
Taxes / mo$203.58$203.58$203.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,587.48$3,241.10$3,351.56
Cash to close$133,650$46,500$46,500