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$313,701$313,701$468,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$154,299$0
Funding fee$1,569$1,569$0
Note rate6.820%6.820%7.400%
Blended rate6.820%7.209%7.640%
1st payment$2,103.33$2,103.33$3,240.34
2nd payment$0.00$1,028.66$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$93.60
HOA / mo$311.00$311.00$311.00
Total monthly$3,014.33$4,042.98$4,244.94
Cash to close$206,299$52,000$52,000