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$329,144$329,144$638,910
Remaining term (yrs)27.227.230.0
Secondary amount$0$309,766$0
Funding fee$1,646$1,646$0
Note rate7.500%7.500%7.400%
Blended rate7.500%7.621%7.640%
1st payment$2,363.35$2,363.35$4,423.68
2nd payment$0.00$2,000.57$0.00
Taxes / mo$591.58$591.58$591.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$127.78
HOA / mo$14.00$14.00$14.00
Total monthly$3,185.60$5,186.16$5,373.72
Cash to close$380,756$70,990$70,990