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$313,300$313,300$328,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$33,450$0
Funding fee$1,567$1,567$0
Note rate6.350%6.350%7.320%
Blended rate6.350%6.883%7.560%
1st payment$2,031.11$2,031.11$2,256.57
2nd payment$0.00$331.01$0.00
Taxes / mo$803.99$803.99$803.99
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$65.70
HOA / mo$7.50$7.50$7.50
Total monthly$2,992.59$3,323.61$3,283.75
Cash to close$51,700$18,250$36,500