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$331,133$331,133$418,500
Remaining term (yrs)28.328.330.0
Secondary amount$0$87,367$0
Funding fee$1,656$1,656$0
Note rate6.690%6.690%7.320%
Blended rate6.690%7.172%7.560%
1st payment$2,172.35$2,172.35$2,874.80
2nd payment$0.00$655.25$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$2,542.60$3,197.85$3,328.75
Cash to close$133,867$46,500$46,500