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$322,509$322,509$400,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$77,991$0
Funding fee$1,613$1,613$0
Note rate6.350%6.350%7.320%
Blended rate6.350%6.866%7.560%
1st payment$2,053.38$2,053.38$2,751.16
2nd payment$0.00$584.93$0.00
Taxes / mo$212.42$212.42$212.42
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,415.79$3,000.73$3,193.67
Cash to close$122,491$44,500$44,500