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$324,907$324,907$396,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$71,093$0
Funding fee$1,625$1,625$0
Note rate6.640%6.640%7.320%
Blended rate6.640%7.064%7.560%
1st payment$2,142.75$2,142.75$2,720.25
2nd payment$0.00$533.20$0.00
Taxes / mo$206.58$206.58$206.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$2.50$2.50$2.50
Total monthly$2,501.84$3,035.04$3,158.53
Cash to close$115,093$44,000$44,000