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$347,199$347,199$405,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$57,801$0
Funding fee$1,736$1,736$0
Note rate6.710%6.710%7.400%
Blended rate6.710%7.037%7.640%
1st payment$2,325.39$2,325.39$2,804.14
2nd payment$0.00$433.51$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$323.00$323.00$323.00
Total monthly$3,173.39$3,606.90$3,733.14
Cash to close$102,801$45,000$45,000