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$321,358$321,358$333,000
Remaining term (yrs)27.127.130.0
Secondary amount$0$30,142$0
Funding fee$1,607$1,607$0
Note rate7.760%7.760%7.400%
Blended rate7.760%8.113%7.640%
1st payment$2,365.54$2,365.54$2,305.62
2nd payment$0.00$298.28$0.00
Taxes / mo$308.33$308.33$308.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$33.00$33.00$33.00
Total monthly$2,856.88$3,155.16$2,863.56
Cash to close$48,642$18,500$37,000